CGFS issues reports pertinent to the financial turmoil

03.07.08 - 22:32 ... source : Bank for International Settlements (BIS)

... 4 July 2008 The Committee on the Global Financial System (CGFS) today published three reports analysing important issues pertinent to the financial market turmoil that broke out in mid-2007. They are: Private equity and leveraged finance markets; Ratings in structured finance: what went wrong and what can be done to address shortcomings?; and Central bank operations in response to the financial market turmoil. CGFS Chairman Donald L Kohn said that these reports highlight the role that the Committee has played during the market turbulence in informing central banks' assessments of risks to financial stability and in elaborating appropriate policy recommendations. Earlier versions of the reports on central bank operations and credit ratings in structured finance served as input for the April 2008 Financial Stability Forum report to the G7 Finance Ministers and central bank Governors.Private equity and leveraged financ ...» Next (HTML)