A deputy directors-general forum for planning and strategy has been established, and is preparing a plan for the government’s work; seven areas in which the government has chosen to focus have been identified; interministerial cooperation has been intensified; and detailed targets have been set in a number of areas, and work has begun toward achieving them.
When looking at new trends in the financial system, we need to consider both sides of these coins. Shining improvements to financial stability must be weighed against the darker side of stability-impairing features. The challenge is to harness the benefits of new financial trends while minimising their potential costs. Unfortunately, there is no instant recipe for safeguarding the stability of evolving financial systems.