Nonetheless, when deciding on a measure, it is important to consider not only where the danger is coming from and what concrete measure would be suitable to combat it. Macroprudential supervisors must also be interested in the size of the potential damage if they do not take the measure.
Because that determines how much the measure can interfere with third parties’ rights – and that doesn’t only mean banks’ rights. However, not only the objectives of macroprudential supervision must be clear, but also what dangers or risks macroprudential supervisors should be monitoring.