It is based on more than 22, 000 financial statements (including those of businesses and their owners) from over 6, 600 businesses distributed across industries and sales ranges in the U.S. The predictive model is aimed at helping banks quantify and standardize their credit risk assessments, helping companies perform risk exposure due diligence on partner companies, and helping private businesses evaluate their own creditworthiness.

FORBES: Private-company credit risk shows signs of improving

But the latest proposals, to charge banks according to their own assessments of credit quality, are back on the drawing board.

ECONOMIST: ��Structured finance�� can bring unstructured losses

But there is no doubt that the summit's action plan includes a long list of financial sector dimensions to be addressed, including: accounting standards, hedge funds, risk disclosures, financial sector assessments, credit rating agencies, risk-management and stress-testing models, international standard setters, sanctions for misconduct, reporting to supervisors in different countries, and more.

FORBES: Magazine Article