The problems first emerged in money markets, with banks preferring to hoard cash rather than lend to each other because they feared that their counterparties would not be able to repay them. The situation deteriorated following the collapse of Lehman Brothers last September.
For these risks the forum agrees on mitigating actions. One action taken was to create an intel-led red team test program under the auspices of the Danish central bank. This involves real-life testing to see if you can penetrate the firm's defence system and reach designated critical areas of the business.