In addition, international standard-setting bodies are stepping up their implementation monitoring instruments. To better coordinate the various  BIS central bankers’ speeches  1  mechanisms, the Financial Stability Board, or FSB for short, and the relevant standardsetting bodies have jointly developed a coordinating framework. Within this framework, six areas have been designated as deserving priority implementation and particularly intensive monitoring.
I will now briefly address four of these priority areas – leaving out those dealing with SIFIs as another round table today is dedicated specifically to the regulation of SIFIs. a.  Basel framework  First, the crisis made painfully clear that banks’ equipment with capital and their liquidity positions were inadequate to withstand shocks to the financial system.