Macroprudential policies are directed at achieving greater financial stability. An important element of the macroprudential approach is conducting analyses to get a good understanding of the risks building up in financial institutions and the sector as a whole.
These developments were seen as vital in the recent report on financial stability prepared by the Economic and Financial Committee, which I have already mentioned. BIS Review 42/2000  4  I see the Banking Supervision Committee as a natural forum for the deepening of cooperation along these lines.