Financial Stability Forum Recommends Actions to Enhance Market and Institutional Resilience

18.04.08 - 09:21 ... source : Swiss National Bank

... The Financial Stability Forum (FSF ) today presented to the G7 Finance Ministers and Central Bank Governors a report making recommendations for enhancing the resilience of markets and financial institutions. The recommended actions are in five areas: o Strengthened prudential oversight of c apital, liquidity and risk management o Enhancing transparency and valuation o Changes in the role and uses of credit ratings o Strengthening the authorities' responsiveness to risks o Robust arrangements for dealing with stress in the financial system The full report is available on the website of the FSF www.fsforum.org. A summary of the recommendations is attached. Public sector and private sector initiatives are underway in these areas. The FSF will facilitate coordination of these initiatives and oversee their timely implementation, thus preserving the advantages of integrated global finan ...» Next (PDF)