Andrew Haldane, the Bank of England's executive director for financial markets, insists that central banks should "not fuss too much about the potential tension" between monetary and macro-prudential policy.
Haldane laid out his vision for how the two arms of policy could co-exist in a speech at a Central Bank of Ireland conference on banking and securities regulation last Friday.
In particular, he focused on how the countercyclical capital buffer prescribed by the Basel III accord would operate
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