Looking ahead, the actions and initiatives by market participants and policy-makers should aim at addressing the identified weaknesses, by improving incentive structures, risk management practices and transparency, so that the  9  E.g. Helbling and Terrones (2003) and Adalid and Detken (2007).
BIS Review 85/2008  5  OTD model can function effectively and contribute to an efficient and stabilising sharing of risk and help contain the intensity of boom-and-bust asset price cycles. IV. The role of central bank policies  Let me now turn to some pertinent policy issues for central banks.