The approach of looking at “the forest” in the sense of financial stability has come to be termed “macroprudential" - in contrast to “microprudential” supervision, which looks specifically at the individual trees. And with regard to the macroprudential approach, considerable progress has since been made here, too.
Institutions that have analytical capabilities and are designed to identify risks to financial stability have been set up at the global, European and national level. Moreover, special tools were created, such as borrowing limits for real estate loans.