•  Third, the strategy – what are the logical processes linking the instruments to objectives? •  And finally, governance – who are the decision makers, and how are they held accountable?
It is clear that further progress is needed with respect to goals 6–9, relating respectively to: improving compensation practices; strengthening international coordination, especially with regard to the resolution and regulation of G-SIFIs; finding ways of dealing with the shadow banking system; and improving the quality of credit rating agencies.