Mr Macfarlane’s statement to the House of Representatives Standing Committee on Economics, Finance and Public Administration  Opening Statement given by Mr L J Macfarlane, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Finance and Public Administration on 29 November 1999.
That said, I do see pockets of increased risktaking across the financial system, and an acceleration or broadening of these concerns could necessitate a more robust macroprudential approach. For example, corporate bond  14  For a related discussion, see Elliott, Feldberg, and Lehnert, “The History of Cyclical Macroprudential Policy in the United States”.