In cases where actual problems are found, regulators will require lenders and servicers to correct not only the faulty documents themselves but the faulty systems that allowed them to occur. Institutions with widespread problems may be subject to fines and fees in addition to the costs associated with correcting the errors.
Finally, I want to conclude my presentation by emphasizing that: •  The full recovery of the global financial system may take some time;  BIS Review 98/2009  5  •  With the global economy likely to be going at a sub-par rate for some time, the key challenge is to continue to provide support domestic demand.