8  BIS Review 11/2004  Drawing on the experience of the most advanced financial systems, the instruments of intervention must be strengthened and more resources made available so that the supervisory authority for companies and the stock exchange can take timely action to limit the frequency, magnitude and effects of corporate failures.
Although it is difficult to precisely forecast future crude oil prices, if we assume that they will rise very moderately from the current level – and there are many who predict such a rise, as prices in the futures markets suggest – the negative contribution is expected to dissipate gradually from the second half of fiscal 2015 and be around 0 percentage point in the first half of fiscal 2016.