Under these headings, such recommendations relate to three sets of fundamental and interconnected stability issues, namely 1  key issues in the area of regulation  2  questions about the institutional structure for financial stability, and  3  fundamental issues with regard to procyclicality.
To put it quite plainly, in setting the individual topics against the fundamental issues, it has again become very clear to me that a lasting stabilisation of the financial system calls for a holistic, system-oriented policy approach, which is based on institution-oriented banking supervision but which also goes beyond it. Let me start with the fundamental issues in the area of regulation.