The report Macroprudential Oversight: An Industry Perspective stresses that the Institute of International Finance strongly supports the development of macroprudential oversight and tools but encourages regulators to balance the need for rapid progress with a degree of caution and a willingness to learn and adapt in the light of experience. The report mainly takes the form of a number of guiding principles that the industry believes should be followed in going forward. In particular, it calls for macroprudential authorities in each jurisdiction and effective international coordination; monitoring of the shadow banking system; and the avoidance of over-reliance on a single macroprudential tool such as capital.”