KIEV, March 15 – Ukraine should consider the possible strengthening of macroprudential regulation, IMF Resident Representative in Ukraine Max Alier said.

"Many problems that appeared in 2008 were caused not only by situation at a specific financial institution. There existed serious problems at the macro level that should have been tackled. In pre-crisis years Ukraine saw a huge cash infusion in the financial system and the level of crediting in the private segment was growing by 100% for several years. This is why supervision should be carried out not only at the level of a specific bank - respective agencies should look at the macro situation in general and take relevant measures," he said during an international financial conference entitled "Deadlock of the Modern Financial System: Searching for Alternatives" organized by the Ukrainian Credit and Banking Union.