BIS Review 107/2010  7  Graph 2  Noteworthy in some countries has also been a significant increase in the share of financial activity in the economy’s value added and the proportion of people employed in the financial sector. It is widely assumed that financial deregulation played a major role in this increase, and the timing seems to fit.
Nonetheless, some macroprudential tools can be adjusted in a manner that may further enhance resilience as risks emerge. In addition, macroprudential tools can, in some cases, be targeted at areas of concern.