Senior financial supervisors from five countries - France, Germany, Switzerland, the United Kingdom and the United States - have issued a report assessing various risk management practices that banks and other financial services organizations have used that contributed to the recent turmoil in the world markets.
The report summarizes a joint review that financial supervisors from the various countries conducted this past autumn and also reflects the results of a roundtable discussion held with industry representatives on Feb. 19, 2008, at the Federal Reserve Bank of New York.
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