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Ongoing and Recent Work Relevant to Sound Financial Systems

Announcement of the First Meeting of the FSF, Washington

The first meeting of the Financial Stability Forum created by the G7 Ministers and Governors at their meeting in Bonn on 22 February 1999, will be held at the IMF in Washington on 14 April. The Forum has been established to promote information exchange and co-ordination among the national authorities, international institutions and international regulatory […]

Communiqué of G-7 Finance Ministers and Central Bank Governors

Report to G7 Ministers and Governors by Hans Tietmeyer

Report by Hans Tietmeyer, President of the Deutsche Bundesbank

Sound Practices for Banks’ Interactions with Highly Leveraged Institutions

This paper sets out sound practice standards for the management of counterparty credit risk inherent in banks' trading and derivatives activities with highly leveraged institutions (HLIs).

Declaration of G7 finance ministers and central bank governors

Enhancing Bank Transparency

This paper discusses the role of information in effective market discipline and effective banking supervision, recommending that banks provide timely information to market participants and that supervisors focus their efforts on encouraging high-quality public disclosure at reasonable cost (September 1998).

Framework for Internal Control Systems in Banking Organisations

The paper describes the essential elements of a sound internal control system. The principles set out in the paper are intended to be of general application and supervisory authorities should use them in assessing their own supervisory methods and procedures for monitoring how banks structure their internal control systems.

International Disclosure Standards for Cross­border Offerings and Initial Listings by Foreign Issuers

These international disclosure standards reflect a consensus among securities regulators in the major capital markets as to the type of information that should be disclosed in cross-border offerings and listings of equity securities. The standards cover fundamental disclosure topics such as the description of the issuers' business, results of operations, management and the securities it plans to offer or list.

Principles for Record Keeping,Collection of Information, Enforcement Powers and Mutual Cooperation to Improve the Enforcement of Securities and Futures Laws,

The document sets out requirements for regulators on record keeping, collection of information, enforcement powers and mutual cooperation.

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