Three key weaknesses of credit markets Whilst it is too early to make a definitive assessment, certain supervisory and regulatory issues can already be identified as warranting further attention or action.
Initiatives are already underway at the international and EU level to address these various issues, but for our exchange of views here today I would like to focus on three key issues: transparency, valuation of complex structured products, and liquidity risk management practices, including liquidity risk stress-testing. •  First, transparency for markets, investors and regulators.