Paul Tucker is the author of Unelected Power, a Fellow at the Harvard Kennedy School, and a former central banker.

LONG BIO

Microprudential Versus Macroprudential Supervision

Functions that Make Sense Only As Part of an Overall Regime for Financial Stability. Boston Federal Reserve Bank Conference 

I have been asked to address the question of how micro-prudential supervision and macro-prudential supervision fit together. My answer is that neither of these activities, and especially micro supervision, is well-defined as a self-standing activity.

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