Macroeconomic policies go hand in hand with those designed to ensure the strength of the financial system overall and particularly that of the banking system. The crisis has led to more pronounced regulatory action at international level, aimed at reducing the riskiness of banks.
This has resulted in an increase in the quantity and quality of banks’ capital, the introduction of liquidity requirements and of constraints on maturity transformation, and the imposition of financial leverage limits. Corporate governance systems have been reinforced and additional prudential requirements have been adopted for systemically important institutions.