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| Title: | Federal Releases Report on Financial Market Developments | | Source: | The Presidents Working Group on Financial Markets | | Date: | 3/14/2008 |
Summary:
The President's Working Group on Financial Markets (PWG) has undertaken a thorough analysis of the underlying factors contributing
to the recent and on-going market stress. This analysis has been conducted to identify the weaknesses in global markets, institutions,
and regulatory policies that triggered, amplified, or failed to mitigate the stress. On the basis of this analysis, the PWG
has developed a comprehensive, set of recommendations to address those weaknesses. This statement summarizes that analysis
and sets out recommendations. It is comprised of three sections: a diagnosis and summary of recommendations; a review of factors
contributing to the market turmoil; and a fuller discussion of policy issues and recommendations.
See Related Document to view Policy Statement and Report.
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