This stems from a recognition that traditional oversight needs to go hand in hand with the macroprudential sort that takes account of the collective behaviour of financial firms, contagion effects and so on.
ECONOMIST: What regulators should do now
But their collective behaviour is remarkably ant-like.
BBC: Robot ants: mini-machines mimic insect colony
Myrmecologist Professor Nigel Franks, of the University of Bristol, has introduced the phrase "collective intelligence" to describe ant behaviour.
BBC: NEWS | Science/Nature | Ants - learning from the collective
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