Yet there is no global authority that can act in all the areas that are required. The Forum helps to fill this gap, by facilitating the co-ordination of efforts by the numerous separate authorities having responsibilities in the field of financial stability. IV. Conclusion  In summary, prudential regulation is becoming more complex and demanding, as well as more important and fascinating.
BIS Review 163/2008  1  At the Central Bank of Bahrain we have been monitoring domestic and international developments very closely. However, our domestic financial markets have continued to function normally despite the enormous stresses of recent months resulting from international events.