Financial sector reforms Received wisdom today is that financial deregulation shares the honours with global imbalances as being the twin villains of the recent crisis. It should not be surprising therefore that vigorous reforms in the financial sector are under way.
We also expect the IMF and the W B to work in a complementary and effective manner, making the most of their respective areas of expertise to facilitate concrete application 1/3  BIS central bankers' speeches  of the Common Framework, whose success strongly depends on improving the quality and availability of debt information in both debtor and creditor countries.