Against this background, I would like to mention the recommendations of the Financial Stability Forum’s (FSF) report on Enhancing Market and Institutional Resilience as they represent a main reference point at the global level for measures aimed at addressing the weaknesses revealed by the turmoil in the financial markets.
The short-term measures put forward by the FSF and endorsed by the G7 in April this year were set up as immediate priorities and thus had a time horizon of 100 days for their implementation.