These investors not only include individuals but also the big powerhouses such as sovereign wealth funds, pension funds and asset management companies, with billions of dollars and thousands of employees concerned. They need to maximize returns, minimize risks and maintain a diversified portfolio.
While it is important to get this right and ensure that it is accompanied by efforts to restore fiscal buffers at national level, progress towards more central fiscal stabilisation should not be deferred indefinitely.17 The robustness of our crisis resolution framework will not be truly tested until the next major crisis, but we have already seen encouraging signs in this regard.