As a result, in the absence of additional structural requirements for foreign banks in the United States, the effectiveness of our capital regime for large foreign  22  See, for example, www.fsa.gov.uk/pubs/policy/ps09_16.pdf, www.fsa.gov.uk/pubs/other/turner_review.pdf, www.fsa.gov.uk/pubs/discussion/dp09_02.pdf, and http://bankingcommission.s3.amazonaws.com/wpcontent/uploads/2010/07/ICB-Final-Report.pdf. 23  See www.sif.admin.ch/dokumentation/00514/00519/00592/index.html?lang=en. 24  See www.federalreserve.gov/boarddocs/srletters/2001/sr0101.htm.
To some, the notion that the primary goal of central banks is to keep prices stable has become old-fashioned. Against the backdrop of the financial crisis, they argue that financial stability has become just as important, if not more so, than price stability.