However, these episodes rekindled efforts to improve the macroprudential framework, to ensure that NBFIs, and particularly investment funds, become more resilient to shocks.
According to the International Monetary Fund, boosting the resilience of investment funds is a financial stability priority.20 One of today’s presentations is about a possible new macroprudential tool: a joint stress-testing instrument that would yield an assessment of the stability of the investment fund sector and of the potentially destabilizing interconnections with banks.