This implies a greater need to consider micro-prudential policies in a wider  3  BIS Review 21/1999  setting, including the ways in which such policies could be blunted or sharpened by market practices and disciplines, or have unintended aggregation effects.
*  *  *  Ladies and gentlemen, Mrs Cubrilo, It is a great pleasure to me to greet you all on behalf of the National Bank of Serbia on the occasion of the traditionally organized celebrations of “St Vitus Day of Diaspora in Serbia”.