Oversight must be balanced with economic growth, says IIF
The Institute of International Finance has weighed in on macroprudential supervision discussions, stressing the need to balance oversight with the need to encourage economic growth.
Announcing eight principles for policy development, the IIF, an association of banks around the world that is chaired by Deutsche Bank chief Josef Ackermann, said it supported efforts to develop macroprudential supervisory tools quickly. But it added that the process needed to be approached cautiously.
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