First, the implementation of fiscal policies should be in line with the commitments made late last year. In this connection, a thorough assessment of the new Stability Programmes of Member States is currently under way. All parties involved need to live up to their responsibilities and commitments.
2  BIS Review 99/2010  and liquidity requirements that will promote financial stability and a level playing field for internationally active banks. We have assessed how various proposals would, or would not, achieve that aim.