The process of stabilizing and strengthening the financial system and rewriting the rules is proceeding according to the calendar set by the leaders of the G20 and the Financial Stability Board (FSB).
The set of reforms, once enacted, should increase the financial system’s resilience to shocks, encourage the development of models for intermediation oriented to long-term results, and eliminate the incentives for excessive risk-taking by stimulating more far-sighted behaviour based on the sound and prudent management of intermediaries.