Bernanke defines macroprudential approach

Ben Bernanke, the chairman of the Federal Reserve, on Thursday detailed how a macroprudential approach to regulation would look.

Bernanke outlined nine elements of a macroprudential agenda in comments to colleagues at the Chicago Fed:

· the monitoring of large or rapidly increasing exposures - such as to subprime mortgages - cross firms and markets, rather than only at the level of individual firms or sectors;

· the assessment of the potential systemic risks implied by evolving risk-manageme