In addition, bearing in mind the existence of diverse participants and diverse business models, I would like to emphasize the importance of clearly addressing what market participants can do under the code. This is to prevent over-cautious behavior of market participants which could be detrimental to fostering well-functioning markets.
As you know, there were plenty of warnings concerning unsustainably low levels of risk premiums, sent by central banks and other organisations, but these fell on deaf ears,  c)  Measures of protectionism. Fortunately, the heads of state of the G 20 have declared that they will resist the temptation to protect their national economies at the expense of other nations.