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The Global Financial Crisis (GFC) showed how instability in the financial system can result in significant economic disruption, placing substantial financial stress on households and businesses, and considerable pressure on government balance sheets. Since the GFC, there has been considerable international focus on reducing risks to the financial system. payday loans online These risks may result from a build-up of debt and excessive credit and asset price growth. They may also arise from the financial system’s reliance on unstable sources of funding. This has led to a growing international consensus that regulatory frameworks focusing primarily on the stability of individual financial institutions may not always be sufficient in managing risks to the financial system as a whole. Macro-prudential policy builds on the existing prudential framework to further promote financial system stability.What macro-prudential tools is the Reserve Bank considering?