After the Asian crisis, at the initiative of G7 Finance Ministers and Central Bank Governors the Financial Stability Forum (FSF) was created as the informal grouping where a synthetic diagnosis of the state of global finance could be carried out with a view to identifying the potential weaknesses affecting the international financial system and areas for improvement.
The FSF “Report on Enhancing Market and Institutional Resilience” recently presented to the  1  The Eurosystem loans were financed through a currency arrangement (swap line) between the Federal Reserve and the ECB, according to which the Eurosystem provided US dollar loans with a maturity of one month, at a fixed rate equal to the marginal rate of the simultaneous Federal Reserve tenders, to its counterparties against collateral eligible for Eurosystem credit operations.