In McKinsey's definition, this financial institution debt excludes bank lending to households and non-financial businesses, to avoid double counting.

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Reform of financial institution supervision, notably lax lending standards and the need for a measured move towards greater transparency in credit and risk management, is being discussed at the meting.

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That is so because no institution (financial or otherwise) would welcome political scrutiny of its lending, trading and bonus practices (to name three) unless it had nowhere else to turn.

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As a growing number of independent observers note, this institution is ultimately in the lending business, which is why useful reforms such as financial system transparency, the depoliticizing of banks, etc.

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