Financial market supervision focuses on the stability of individual financial institutions and the exposure of individual financial entities to individual risks. The financial crisis of recent years has, though, shown that supervision defined in such narrow terms is unable to ensure financial stability. Therefore, a new policy has been developed with the aim of ensuring the financial stability of the financial system as a whole. The role of macroprudential policy is to identify, monitor and mitigate systemic risks to the financial system. This duty to mitigate risks is what sets macroprudential supervision policy apart from supervision focused primarily on monitoring and identifying risks.