In particular, the Federal Reserve will continue to work with other  6  BIS Review 80/2007  supervisors to ensure that global banks manage their exposures to hedge funds prudently.
More generally, the Federal Reserve will continue to pursue a comprehensive set of initiatives that seek to ensure that banks' risk-management practices and market infrastructures are sufficiently robust to cope with any stresses that may result from a deterioration of the benign financial conditions experienced in recent years. BIS Review 80/2007  7