A framework for managing crises must, therefore, take cognisance of need to ensure availability of timely and relevant information by addressing legal and other hurdles to information collection and obstacles to information-sharing among the agencies.   A crisis management framework needs to be dynamic and responsive to the evolving macrofinancial environment and developments in the financial markets.
Most importantly, the framework should be, and should continue to remain, commensurate to the degree of complexity in the financial system.   The crisis management framework needs to take cognisance of global interdependence and integration.