Furthermore, originators are expected to make transparent the underlying portfolios of assets so as to help investors with their risk management. Looking at the incentive structures within banks, I mentioned the problem of inadequate compensation schemes. To address this problem, the Financial Stability Board has published principles for sound compensation practices.
In a recent evaluation, it found that good progress has been made in implementing these principles. However, it also states that more work needs to be done. BIS central bankers’ speeches  3  All these initiatives are important steps to address the specific causes of the financial crisis. Even so, we should be aware that no two crises are alike.