The President’s Working Group on Financial Markets Issues Policy Statement on Financial Market Developments

  • President’s Working Group on Financial Markets released a set of comprehensive recommendations designed to stabilize the current turmoil in the financial markets, including the following key recommendations:
  • Reform of the mortgage origination process.
  • Improve investors’ contribution to market discipline.
  • Reform the credit rating processes and practices regarding structured credit and other securitized credit products.
  • Strengthen global financial institutions’ risk management practices.
  • Enhance prudential regulatory policies.
  • Enhance the OTC derivatives market infrastructure.

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