The decision to treat financial assets more favourably was based on the implicit assumption that  2  BIS central bankers’ speeches  the markets in which they were traded would always be liquid. The crisis dramatically demonstrated the fragility of this assumption and the need to rebalance the system of weights.
Concerning the availability of other funds and bank services, including assurance that customer records are secure, the federal bank supervisory authorities – of which the Fed is one – are now completing their second inspection of every bank and thrift, some 10,600 institutions. Any problem banks, and all banks identified as keys to systemic safety, will receive additional scrutiny throughout this year.