Archives - Publications, Consultations, Current Consultations, Evaluations, Peer Review Reports, Policy Documents, Progress Reports, Reports to the G20
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2 April 2009 Joint FSF-CGFS Working Group - The role of valuation and leverage in procyclicality
This report explores the link between leverage and valuation in the light of the recent experience of market stress. Prior to the crisis, traditional balance sheet measures of leverage did not give an unambiguous signal of higher risk during the boom years of 2003-07. While balance sheet leverage increased at European banks and US investment […] -
2 April 2009 Recommendations for Addressing Procyclicality in the Financial System
The recommendations cover the following areas: the bank capital framework, bank loan loss provisions, and leverage and valuation. -
2 April 2009 Principles for Cross-border Cooperation on Crisis Management
The objective of financial crisis management is to seek to prevent serious domestic or international financial instability that would have an adverse impact on the real economy. -
13 November 2008 Joint Letter of the FSF Chairman and the IMF Managing Director to G20 Ministers and Governors
Dear Ministers and Governors: The financial crisis has underscored the importance of international coordination both in responding to the crisis and in developing and implementing policies for a sounder financial system. Coordination is important as well across the international financial institutions and bodies that support the efforts of national governments, including the IMF and the […] -
14 October 2008 FSF Report on Enhancing Market and Institutional Resilience
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15 September 2008 Ongoing and Recent Work Relevant to Sound Financial Systems
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14 June 2008 Update on the Implementation of the FSF's Recommendations
I. Current situation of the financial system Financial markets and institutions continue to make progress in adjusting to the new conditions that have prevailed since the outbreak of market turbulence. Banks and other financial institutions have raised substantial amounts of new capital and further capital raising plans have been announced. Institutions have also moved to […] -
11 April 2008 Report by Joint Forum on Credit Risk Transfer (CRT): Developments from 2005 to 2007
Credit risk transfer has grown quickly, often with complex products, and provides concrete benefits to the global financial system. The benefits of credit risk transfer (CRT) are well understood and have not changed since the Joint Forum's first CRT report in 2005. CRT allows credit risk to be more easily transferred and potentially more widely […]