Policy
Stability and resilience of the financial system
| Print page | Email |
20. Chapter 2 explains the recent events, including how the US sub-prime problems spread internationally, summarises the international work on the problems and sets out the Authorities' views. These are a series of, mostly straightforward, proposals that the BSA supports, namely –
- additional work to improve stress testing
- co-operation with international partners on –
- stress testing and risk management
- liquidity regulation
- consistent valuation and disclosure regarding asset backed securities
- credit rating agencies.
