Closely related to this third group of activities is a critical question that we as a country now face: how to strengthen our financial system, including our system of financial regulation and supervision, to reduce the frequency and severity of bouts of financial instability in the future.

FORBES: Reducing Systemic Risk

The supervision of the financial system has been overhauled to meet international norms.

ECONOMIST: THE KOREAS

The first is financial: the euro zone needs a region-wide system of bank supervision, recapitalisation, deposit insurance and regulation.

ECONOMIST: The future of the European Union

Market forces and models are useful tools but strong supervision and regulation should always be in the first line of defense in protecting our financial system.

FORBES