The principle being put forward is that if an institution looks and behaves like a bank, then it should be regulated like a bank, regardless of its legal form. •  Strengthening the oversight of credit rating agencies: The crisis has questioned the integrity, conduct and business model of credit rating agencies.
Corrective initiatives under way include stronger regulation of credit rating agencies, measures to address conflicts of interest, differentiation between ratings of structured and other products, and strengthening the integrity of the rating process.