The FSF issued reports today covering recommendations for addressing procyclicality in the financial system, principles for sound compensation practices and principles for cross-border cooperation on crisis management.
Resolution and 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.
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. In so doing, authorities will be mindful of the impact interventions may have on the public purse and will, as far as possible: maintain incentives for financial institutions […]