Special Report
Financial Reform: A Framework for Financial Stability
Author(s): Working Group on Financial Stability
Year: 2009
Pages: 80
ISBN: 1-56708-146-0
The report addresses flaws in the global financial system and provides 18 specific recommendations to: improve supervisory systems by redefining the scope, boundaries, and structure of prudential regulation; enhance the role of the central banks; improve governance practices and risk management; address pro-cyclicality via capital and liquidity standards; enhance accounting practices; strengthen the financial infrastructure; and increase coordination internationally.
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