Look Before You Leap: A Skeptical View of Proposals to Meld Macro- and Microprudential Regulation

A Senior Fellow at the C.D. Howe Institute, Mr. Nicholas D. Le Pan served as a Superintendent of Financial Institutions for Canada from 2001 to 2006 and as a Deputy Superintendent, Office of the Superintendent of Financial Institutions, Canada (OSFI) since May 2000. Since May 2007, Mr.