Now, in light of the broader and significant social and macroeconomic costs arising from financial system distress in the aftermath of the global financial crisis, there is greater will to consider additional tools. 1  For further discussion on macro-prudential instruments see Ha and Hodgetts (2011).
BIS central bankers’ speeches  3  We believe several instruments may be useful from this perspective and could potentially form a useful part of the Bank’s macro-prudential toolkit in the future. The instruments we have been considering include credit-based measures and liquidity and capital buffers.