Remuneration structures, possible conflicts of interest and stigma-problems clearly have a bearing on the behaviour of market participants. 14. The FSF recommendations have been welcomed by the international financial community. But the real challenge is to implement them in such a way that the checks and balances in the financial system are restored so it becomes less prone to instability.
In reflecting on what we have learned today, the most pertinent short-run issue facing us all relates to the survival prospects of businesses. Up to now, the exceptional nature of policy support provided to the sector has meant that companies have in the main avoided insolvent liquidations.