In November 2010, G20 Leaders “called on the FSB, IMF and BIS to do further work on macroprudential policy frameworks, including tools to mitigate the impact of excessive capital flows, and update Finance Ministers and Central Bank Governors at their next meeting.” They noted that “these frameworks should take into account national and regional arrangements” and looked “forward to a joint report which should elaborate on the progress achieved in identification of best practices, which will be the basis for establishing in the future international principles or guidelines on the design and implementation of the frameworks.”
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