FSF reports on resilience for institutions and markets

David Benyon
14 Oct 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

WASHINGTON, DC – Following its meeting in Washington, DC over the weekend, the Financial Stability Forum (FSF), made up of finance ministers and central bankers from the G-7 countries, has released a follow-up to its April 2008 recommendations for financial stability.

The report assesses the implementation of the FSF’s earlier Report on enhancing market and institutional resilience, and confirms that work on reforms across the G-7 has progressed consistently. The new paper includes sections on progress on liquidity risk, changes to capital levels, the reform of credit ratings, increased transparency and operational infrastructure for over-the-counter derivatives.

The paper says: “The guiding principle of this work is to recreate a financial system that operates with less leverage, is immune to the set of misaligned incentives at the root of this crisis, where prudential and regulatory oversight is strengthened, and where transparency allows better identification and management of risks.”

The document may be downloaded from the link included below.

http://www.fsforum.org/press/pr_081009f.pdf

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]