They are: •  increasing the resilience of financial institutions, which in the main means implementation of the Basel III standards for banks  •  reforming markets for trading, settling and clearing derivatives  •  addressing risks to the financial system from certain types of “shadow banking”  •  addressing the “too big to fail” problem at a global level.
In recent years, the Fund has devoted considerable energy to developing sound standards and codes for assessing the financial infrastructure of its member countries. This financial sector surveillance needs to be better integrated into IMF country reviews.