ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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A Different Approach to Financial Regulation

Prevention of future crises calls for not just more regulation per se, but better regulation - in particular, regulation with a greater macro-prudential orientation. Macro-prudential regulation concerns itself with the stability of the financial system as a whole. By contrast, micro-prudential regulation, consisting of such measures as the certification of those working in the financial sector and rules on how financial institutions operate, concerns itself with the stability of individual entities and the protection of individuals.

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