Central Bank of Nigeria, Research Department.
Macroprudential policy, Micro-prudential policy, Financial system stability
The article discussed some shortcomings of traditional regulation and promoted the need for a broader and systemic approach to financial system stability using both traditional (micro-prudential) and nontraditional (macroprudential) policies. The paper further discussed the elements of macroprudential policy and tools used to mitigate risks and vulnerabilities in the financial system. A summary of the article is presented in section II and comments are highlighted in section Ill.
Bewaji, P.N, (2013). Protecting the whole - a review. Economic and Financial Review. 51(1), 121-129