Failure at the Financial Stability Board

UNHCR must not lose its relative financial stability.

In 2004, UNHCR maintained financial stability, although it was another challenging financial year.

In 2004, UNHCR maintained financial stability, although it was another challenging financial year.

48. Promoting economic and financial stability depends crucially on political stability, but the same is true in reverse.

(c) Partnership for capacity strengthening, accountability, coalition building and financial stability

With regard to financial agenda and standard setting bodies such as the Financial Stability Forum and the Basel Committee on Banking Supervision, participants recommended that developing countries should be included in their membership and deliberations.

The Financial Stability Forum, created after the Asian financial crisis as an informal coordinating body the United States resisted anything stronger was renamed the Financial Stability Board. A board sounds more impressive, authoritative, and permanent than a mere forum.

Their persistent growth and stability distinguish these flows from other private financial flows.

Strict compliance with that principle was the basis for the Organization's financial stability.

A number of indicators could be used, including financial evaluation (profitability) and non financial indicators (survival rate, stability of shareholding).

The final knockout which would occur if the Financial Policy Committee (FPC) judges that the stance of monetary policy poses a significant threat to financial stability points to the third problem. The FPC is part of the complex new UK regulatory structure, in which the former Financial Services Authority has been split in two a prudential and business conduct regulator and a new body to monitor financial stability.

Without long term financial stability, the Organization could not carry out its mandated activities.

A number of speakers expressed concerns regarding the stability of international private financial flows.

5. The prompt collection of assessments is the bedrock of United Nations financial stability.

It was also suggested that the international financial system needs to be reformed in order to ensure greater global financial stability.

(a) In the fifth preambular paragraph, the words are able to maintain their internal and external financial stability were replaced by the words have been more capable of maintaining their internal and external financial stability

(c) Economic and Financial Committee (Second Committee)

His first objective had been to achieve financial stability and provide job security for staff.

Such policies were necessary to ensure financial stability and promote the efficient utilization of capital.

The collection of assessments remained key to the restoration of the Organization apos s financial stability.

215. The multilateral financial institutions should continue to play a major role in development and in promoting the stability of the international financial system.

8. The multilateral financial institutions should continue to play a major role in development and in promoting the stability of the international financial system.

The provision of specific public goods for economic development, such as financial stability, trade integration, environmental stability and knowledge dissemination, was at the heart of the corporate strategy.

Second Committee economic and financial

As regards financial services, there has been some concern about potential adverse implications for financial stability as a result of a liberalization of this sector.

(c) Preservation of the system apos s financial stability over the long term to safeguard its viability

Sound macroeconomic policies were necessary to promote economic stability and growth and boost confidence in financial markets.

The continuing high levels of unpaid assessments were undermining the Organization apos s financial stability and liquidity.

The international community has an essential role in contributing to the financial stability of East Asian countries.

Continuing high levels of unpaid assessments are undermining the financial stability and liquidity of the United Nations.

It sought to increase its growth rate by maintaining macro economic stability, fiscal sustainability and financial sector reforms.

But trying to obtain stability from rigidity is illusory. The stability of the international financial system today depends on the willingness of countries with rigid exchange rates to allow greater flexibility.

In 2004, UNHCR stayed within the total financial resources available and maintained relative financial stability, helped by an unexpectedly high carry over from 2003 and careful management.

We believe that the IMF needs to move decisively on financial stability issues and be more proactive to help prevent and mitigate future crises. The IMF should work closely with the Financial Stability Forum, the Bank for International Settlements and other relevant international bodies.

Some ministers also expressed concern at the lack of effective participation of developing countries in standard setting by international institutions or groups, such as the Basel Committee on Banking Supervision and the Financial Stability Forum.

Nor do large international reserves guarantee financial stability. There are better ways to enhance stability, from strengthening prudential supervision to taxing and controlling destabilizing capital flows and letting the exchange rate adjust.

Solid donor support and improved financial management had contributed to greater budgetary stability, so that the financial situation of UNHCR was better than it had been for years.

Other central banks have recognized the need for new instruments to ensure financial stability so must the BCB. Institutional clarity on the BCB s mandate for financial stability and the instruments at its disposal could help Brazil avoid future crises or at least weather them more effectively.

Here, the EU summit in December was an important step forward in terms of deepening political union and strengthening governance among the eurozone s member states. Nevertheless, more will be needed to restore financial stability, such as enlarging the total firepower of the European Financial Stability Facility.

At the same time, regulatory regimes have been toughened everywhere to prevent banks from jeopardizing the financial system again. For example, in addition to its price stability mandate, the Bank of England has been given the new task of maintaining the stability of the financial system.

It needs to rethink how to address financial stability in its day to day work with members. Financial sector analysis should become fully integrated into the IMF s surveillance activities.

The need to provide the High Commissioner with the financial stability and predictability that her core programmes required was stressed.

The second complication is that, rather than converging, domestic models of financial regulation are multiplying, even among advanced countries with well developed institutions. Along the efficiency frontier of financial regulation, one needs to consider the tradeoff between financial innovation and financial stability.

In addition, higher degrees of macroeconomic stability in both developed and developing economies helped to limit the negative impact of global disturbances on individual countries, contributing to the observed stability of international financial markets.