To tackle the fragilities highlighted by the current turbulence, the financial community has put a number of initiatives in place in recent months.
In particular: •  At the request of the Group of Seven, the Financial Stability Forum (FSF) is reviewing several important issues such as the management of risks – especially liquidity risk – by the institutions subject to regulation, the appropriateness of capital requirements, the full consolidation of the assets and liabilities currently kept off banks’ balance sheets, and the transparency and valuation of structured financial products.