This makes it essential to monitor structures and products to keep performance inconsistencies to a minimum. 3. Globalisation and financial regulation  Greater global competitiveness also poses new challenges to financial regulation for ensuring financial stability.
In my view, it might also be fruitful to intensify the discussion about an appropriate assignment of roles in this regard on a global, regional and national level. There are no doubts that the IMF has a significant comparative advantage on the global level, due to its broad country coverage.