However, we now have to live with the fact that the fragilities that fed into the crisis partly continue to exist. Whether a flourishing regional economy, fiscal solidity or the financial resilience of banks – they all interact systemically – in good and in bad times. So how much patience should we have for each of the patients?
The manual also provides guidance in other areas such as accounting, capital requirements, financial performance measurement, ethics and regulatory reporting and compliance. It also provides over 35 individual instrument profiles that describe the risks and supervisory issues involved in each product.