VI Institutional Reform
Author:
Mr. Leslie E Teo
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Mr. Charles Enoch
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Mr. Carl-Johan Lindgren
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Mr. Tomás J. T. Baliño https://isni.org/isni/0000000404811396 International Monetary Fund

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Ms. Anne Marie Gulde
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Mr. Marc G Quintyn
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Abstract

Early in the crisis, all countries took initiatives to strengthen prudential regulation and supervision, bank governance, and market discipline. The nature and direction of these initiatives was similar in all countries: to bring domestic standards closer to internationally accepted practices. Preparations have also started for the eventual removal of the blanket guarantees. Initiatives have also been taken to improve prudential regulation and supervision of international creditors in their home countries.

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