The Financial Crisis

Table of Contents

Summary of Main Themes
-Reform Principles
-Exit Strategy Principles
I. Introduction
II. Priorities for Reforming Incentives in Financial Markets
-A. Strengthen the regulatory framework
-B. Focus on integrity and transparency in financial markets
-C. Strengthen capital adequacy rules
-D. Strengthen understanding of how tax policies affect the soundness of financial markets
-E. Ensure Accountability to Owners who’s Capital is at Risk
-F. Corporate Structures for Complex Financial Firms
-G. Strengthening financial education programmes and consumer protection
III Phasing Out Emergency Measures
-A. The timeline for phasing out emergency measures
-B. Roll-back measures in the financial sector
-C. Fostering corporate structures for stability and competition
-D. Strengthening corporate governance
-E. Privatising recapitalised banks
-F. Getting privatisation right
-G. Maximising recovery from bad assets
-H. Reinforcing pension arrangements