Sound legal frameworks which facilitate enforcement are crucial for preserving financial stability. This panel focused on the most effective legal models for the conduct of macroprudential policies including cross-border aspects of adopting and enforcing legal instruments. In particular, panelists discussed the legal issues associated with the resolution of systemic institutions, obstacles to the effective exchange of information and coordination between authorities in different jurisdictions, and remaining legal challenges from a macroprudential perspective. Chair: Richard Portes, London Business School Panelists: Kern Alexander, University of Zurich Anna Gelpern, Georgetown University Eric Posner, University of Chicago