FSF calls for rating agency changes to aid market
Banks, investors and rating agencies are bracing themselves for a barrage of new regulatory guidance, consultation papers and capital charges in the wake of a report by the Financial Stability Forum (FSF) on April 12, which made a series of recommendations to increase the resiliency of the financial markets
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
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