However, the macroprudential toolkit for financial stability policymakers, including those such as countercyclical capital buffers for banks, is still a “work in progress” and has yet to be put to the test.
BIS Review 61/2008  1  Let us therefore resolve to work more closely together to build stronger financial institutions that provide responsive service to microenterprises, sow the seeds of entrepreneurship, nurture local enterprises, and build prosperity in our country through microfinance development. I am confident this can be done. I say this on the basis of our track record.