FSF calls for rating agency changes to aid market

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In a co-ordinated regulatory response, national financial supervisors and central banks in the G-7 nations, as well as international standards committees, will work in unison over the course of 2008 and 2009 on measures to strengthen prudential oversight of capital, liquidity and risk management.

Among the 67 recommendations outlined in the report are calls for increased capital treatment for structured credit and off-balance-sheet activities, a strengthening of liquidity management, and

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