(2006) provides information on CGFs
for 68 completed programs with similar complexities to programs acquired by the U.S.
Participants included users from overseas posts plus representatives of the CGFS
Help Desk and other bureaus.
Papers (2006), 'Housing finance in the global financial market', CGFS
Nevertheless, many countries, including some EMSEs, had developed approaches based on the concept of banks holding stocks of liquid assets to withstand stressed periods (for examples, see CGFS
Committee on the Global Financial System (2010), 'Long-term issues in international banking', CGFS
"The Role of Margin Requirements and Haircuts in Procyclicality." CGFS
Inability to forecast conditions at longer horizons, a lack of price history or short-term incentives interact with cyclical variation in observed indicators of risk to give cyclical variation in the price of risk (see CGFS
(2009) for a detailed discussion).
As reported in CGFS
(2010), a number of regulators have announced their intention to apply liquidity requirements to the subsidiaries and branches of foreign banks in their jurisdictions.
"The Change in Liquidity in the Life Cycle of Japanese Government Securities," in Market Liquidity: Research Findings and Selected Policy Implications, CGFS
policymakers--is the apparent disagreement between the results of the G-10 task force interviews and the Committee on the Global Financial System (CGFS
) report on the operation of financial markets in the fall of 1998 regarding the effects of consolidation on the operation of financial markets.