Often it describes macro-prudential risk, which arises mainly from the ability of financial market participants to persuade each other of absurd things.

系统性风险通常描述的是宏观审慎风险，主要来自金融市场参与者说服彼此相信荒谬事情的能力。

youdao

So it makes sense for the central banks to be in charge of the macro-prudential bit.

所以让中央银行来负责宏观上谨慎的目标是行得通的。

youdao

The same is true of macro-prudential regulation, the idea that a group of wise men can focus on systemic risk, rather than get bogged down in the details of individual firms’ finances.

宏观审慎监控也是一样。 一群聪明人的智慧能够专注于系统风险，而非拘泥于个人公司金融的细节之中。

youdao

The large literature on macro prudential regulation stresses the importance of using information obtained in the supervisory process to check for emerging bubbles and other imbalances.

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And so suddenly everybody's talking about macro prudential regulation.

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Macro-prudential policies, given still tepid credit growth, especially among corporates, would help little.

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