Thursday, August 11 2022, 8:30pm (Hong Kong Time) The global financial crisis in the late 2000s demonstrated that monetary policy and traditional regulation of banks and financial institutions are insufficient to prevent a build-up of systemic risk. A key focus area of the new macro-prudential policies is the housing market because real estate and mortgages are the largest assets and liabilities on households' balance sheets. More than 40 countries, for example, Brazil, Canad