The recent financial crisis has made clear that the more traditional micro prudential regulatory tools can be inadequate to create a safe and stable financial system.

It is argued that there is a need for a more Macro-prudential approaches to manage the overall financial system risks, to complement micro-prudential approaches. However, a number of important questions must be answered when considering such an approach. The International Monetary Fund with the Federal Reserve Bank of Chicago has organized an International Banking Conference on September 23–24, 2010 to address some of these questions.

The conference will feature keynote presentations by Paul Volcker, Chairman of the U.S. President’s Economic Recovery Advisory Board and former Chairman of the Federal Reserve System; and Jaime Caruana, General Manager of the Bank for International Settlements.

For further information and to register see: www.chicagofed.org/InternationalBankingConference