Financial stability and stress indicators 47. Let me finally turn to financial stability and stress indicators. The challenge of preserving and bolstering financial stability has come centre stage post crisis. We now know that price stability and macroeconomic stability do not necessarily guarantee financial stability and that financial stability needs to be pursued as a policy objective in its own right.
A key priority now is to rapidly reach – after a too long negotiation period – an agreement on the finalisation of the Basel 3 reform package aimed at reducing the ample variability of risk-weighted assets as calculated by internal models.