This becomes possible if the central bank also has responsibility for bank supervision. 22. The second and broader argument is that there is a natural synergy between monetary policy which is macro-prudential and bank supervision which is micro-prudential. The micro-level information coming from supervision of individual institutions can be a valuable input for shaping the macro perspective.
Robinson was a great baseball player, but – critically, for the mission he set out to accomplish – he was also a great leader, a person of courage and character. As a second lieutenant in the Army in 1944, he refused to obey an order to move to the back of a military bus in Texas.