In contrast to advanced economies, some economies in the Asia-Pacific region have been using macroprudential policy long before the global financial crisis. This is because such policy has been considered necessary to contain volatile capital inflows and the resultant financial imbalances. As mentioned earlier, macroprudential measures can be classified into (1) capital-based measures, (2) liquidity-based measures, and (3) asset-side measures.
One example of this is around information sharing, where many market participants highlighted that they are unsure what information can be conveyed to counterparties and other market participants.