Indeed, when evaluating the stability of the financial industry, we need to have the resources and information needed to assess the degree to which it is capable of resisting shocks, both external and internal. We need to be confident that we have the tools to identify and mitigate the risks that can potentially trigger financial instability.
At its last meeting, the FSB identified four main priorities for 2019. These are: How to address new and emerging vulnerabilities in the financial system; How to finalise and operationalise post-crisis reforms; How to evaluate the effects of the reforms; and How to reinforce outreach to stakeholders. All of these are of concern to the economies of our region.