It means all sectoral supervisors must have a wider view of the financial system in which firms are operating. It means supervisors must increasingly focus on macro-financial dynamics. 5/7  BIS central bankers' speeches  It means financial stability assessments must be fully embedded in supervisory risks frameworks.
While the intent of any liquidity provider conducting pre hedging should be to benefit the liquidity consumer in executing an anticipated order, there is no guarantee that it will always result in a trade, or a trade at a price that is beneficial to the liquidity consumer.