• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
FINANCIAL STABILITY FORUM
 
Report of the Financial Stability Forum onEnhancing Market and Institutional Resilience
7 April 2008
 
FINANCIAL STABILITY FORUM
 
 
FINANCIAL STABILITY FORUM
 
Report of the Financial Stability Forum onEnhancing Market and Institutional ResilienceTable of Contents
Foreword.....................................................................................................................................1Executive Summary....................................................................................................................3I. Underlying causes and weaknesses....................................................................................51. Factors underlying the market turmoil..........................................................................52. Underlying weaknesses.................................................................................................73. Underpinnings of the originate-to-distribute model......................................................94. Areas for policy action................................................................................................10II. Strengthened prudential oversight of capital, liquidity and risk management .................121. Capital requirements....................................................................................................122. Liquidity management.................................................................................................163. Supervisory oversight of risk management, including of off-balance sheet entities...174. Operational infrastructure for over-the-counter derivatives........................................20III. Enhancing transparency and valuation.............................................................................221. Risk disclosures by market participants......................................................................222. Accounting and disclosure standards for off-balance sheet entities............................253. Valuation.....................................................................................................................264. Transparency in securitisation processes and markets................................................30IV. Changes in the role and uses of credit ratings...................................................................321. Quality of the rating process........................................................................................322. Differentiated ratings and expanded information on structured products...................343. CRA assessment of underlying data quality ...............................................................364. Uses of ratings by investors and regulators.................................................................37V. Strengthening the authorities’ responsiveness to risks.....................................................401. Translating risk analysis into action ...........................................................................402. Improving information exchange and cooperation among authorities........................413. Enhancing international bodies’ policy work..............................................................43VI. Robust arrangements for dealing with stress in the financial system...............................451. Central bank operations...............................................................................................452. Arrangements for dealing with weak banks................................................................49
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...