It is remarkable that we have a consensus at international community level on implementing these recommendations with determination and in line with the recommended timeline. The community of central banks will be particularly alert for these recommendations to enter into force.
In this context, allow me to recall those recommendations that have been identified as immediate priorities: •  Financial institutions should fully and promptly disclose their risk exposures, writedowns and fair value estimates for complex and illiquid instruments in their upcoming mid-year reporting. They should do so consistently with leading disclosure practices as set out in the FSF report.