At an international level, they have implemented the Basel III framework and strengthened regulations on G-SIFIs, in an effort to heighten the resilience of financial institutions to external shocks and improve the shock absorption capacities of their financial systems. Through this conference, I hope that we can share what we have achieved with these policies and what we have learned from them.
If not, how do we deal with the divergences? 5. Second, in the first stage of the exercise, the criteria applied to the systemically important countries have been more stringent. The screening however has been largely mechanical though, based as it was, mainly on deviations from the mean or median.