Tucker: macroprudential is more than macro + micro

A macroprudential approach to financial supervision requires more than simply bringing together the central bank's macroeconomists and the regulator's line supervisors, said Paul Tucker, a deputy governor of the Bank of England.

In comments made on 27 March, Tucker said that knowledge what lied in between macro and micro supervision - which he described as "markets, payment systems, the plumbing" - mattered hugely.

The central bank's operational presence in money and bond markets, and the

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