In my following remarks, I would like to point out three aspects of regulatory reform that will accompany us in the coming months. Firstly, it is indispensable to finalise, and then implement without delay, the FSB framework for dealing with SIFIs.
Secondly, we have to introduce internationally compatible restructuring and resolution regimes for financial institutions to allow them to exit the market in an orderly  BIS central bankers’ speeches  1  fashion without causing a breakdown of the system. And finally, we must identify the so-called shadow banking system and expose it to supervision.