Sixth, there are many lessons learned since the 2008 global crisis which contribute to a new framework of thinking. Despite the repetitive nature of crisis, we cannot rely on yesterday logic, or solely relying on conventional macro policy to resolve current issues. The introduction of the macroprudential policy strengthens the effectiveness of conventional policy and brings new hope to the crisis recovery.
Such a policy requires a more collaboration, coordination, interaction and integration between micro supervisory function and macro monetary function in maintaining financial stability. The challenge ahead is securing a comprehensive policy framework and I myself hope that it can be maintained and further continued in the future. 86.