), Oxford Handbook of Banking, and as an ECB working paper; as well as the biennial ECB Financial Stability Reviews. BIS Review 77/2009  1  counter (OTC) financial markets, are not subject to micro-prudential supervision. But they need to be part of macro-prudential analysis and risk assessments, as they influence the overall behaviour of the financial system.
The global financial crisis paralyzed the financial  BIS Review 2/2010  5  intermediation function around the globe and uncertainties regarding the outlook increased.