IIF policy letter: Resolving critical issues in global finance

11 October 2007

The IIF issued a policy letter that calls for world’s finance ministers and central bank governors to agree on actions to support the continued restoration of confidence in international financial markets, following the recent turmoil that was triggered by rising delinquencies in the U.S. sub-prime mortgage market. These official actions should complement reforms pursued by private financial services firms, the Institute of International Finance said.

 

The letter highlighted actions that should be taken by regulators of financial firms, by central banks, credit rating agencies, international financial institutions and by private financial services firms.

 

Press release

 

© Graham Bishop