Systemically important financial firms Banking institutions Since the crisis, the Federal Reserve has made important strides in the traditional, microprudential regulation and supervision of individual banking organizations. Promoting the safety and soundness of individual financial firms is a critical responsibility.
To an increasing extent, however, we have also been working to embed our supervisory practices within a broader macroprudential framework that focuses not only on the conditions of individual firms but also on the health of the financial system as a whole.