Overall, the measures adopted so far, which have been unprecedented in terms of their nature, scope and timing, have had a positive, stabilising effect on the economy. However, it is obvious that we cannot maintain the current degree of enhanced credit support indefinitely.
Additionally CPSS-IOSCO has released the (i) the CPSS-IOSCO Assessment methodology for the principles for FMIs and the responsibilities for authorities and (ii) the CPSS-IOSCO Disclosure framework for FMIs for public consultation with a 60 days comment period. The public consultation period ended June 15, 2012.