Macro-prudential Supervision:Implication Definition and Policy Framework

Since the American financial crisis,it is an important measure to further improve the global financial regulatory system,especially to build a framework of prudent macro-financial regulatory system,so as to prevent and respond to systemic financial risks and maintain safety and soundness of the financial system.This paper argues that macro-prudential framework should emphasis on clarifying the main regulatory body,improving the system of macro-prudential framework,formulating the relevant legal,institutions and norms of macro and micro-prudential indicators.In particular,the relation between micro-prudential and macro-prudential which is of interpenetration and complementary must treat correctly in order to fulfill their combination effect.