Part 1 – The role of macroprudential policy To start with, let’s take a look at how systemic risks are created from the boom and bust in the financial cycle, and how macroprudential policy can increase resilience of banks and households when those risks are high. When the economy is doing well, banks face competitive pressure to relax their lending standards.
3/4  BIS - Central bankers' speeches  For our registered participants, come and visit the Learning Resource Center on the Expo app to access and download the BSP's materials on economic and financial education for free. We invite you to visit the Exhibit Hall and fill in your virtual passports for a chance to win exciting prizes.