This was one of the first attempts by a central bank to try out the big new idea of the postcrisis world: macro-prudential regulation.
WSJ: There's a Feeling of Instability Bubbling Up
2.
This latest crop, including mortgage REITs and private-equity funds, is filling some of the void left by banks that have disappeared or recoiled postcrisis.
WSJ: Deal of the Week: Stepping Into the Yards
3.
The downside is that the report embraces the most pervasive postcrisis fallacy committed in the name of reform, change or whatever you want to call it.