3.1  Identification of incipient vulnerabilities and concerted efforts to mitigate systemic risk Recent events have underscored the importance of assessing domestic vulnerabilities in the light of evolving global conditions and vice versa, and of relaying such assessments to relevant parties to forestall delays in the correction of inadequate structures and of destabilising trends.
While the national authorities, the IFIs, the international regulatory bodies and the central bank groupings each gather and assess data on segments or the whole of the international financial system, and regularly monitor aspects of financial system stability, none has the breadth of information or the capacity to formulate a complete assessment of evolving risks.