Although they are aimed at the financial sector, they will serve the economy as a whole, not least manufacturers. The manufacturing industry has a stake in a stable and resilient financial system. The crisis has revealed the very high level of interconnectedness of the global financial system. This constitutes a compelling case for very close international cooperation and solutions at the global level.
There is an overwhelming need to implement global reforms in a coordinated fashion and along the same concepts, in order to preserve a global level playing field that would be solid and resilient. Finally, the crisis has again stressed the need for all policy-makers to contribute to financial, macroeconomic and price stability over the medium and long term.