understood that, once stability returned, it will be prudent to have a crisis management framework in place to address systemic … are technically illegal. Because of the lack of such crisis provisions, in several past crises, ministers and governors … regulation or laws to the aftermath of the crisis. This technical note has been prepared in the context of the initiative …

Despite the external origin of the financial crisis, the potential impact on India’s corporate sector could be large … crisis, together with the decline in global economic activity and capital flows, will weight on India’s firms. …

This paper discusses Germany’s challenges and measures to strengthen crisis management arrangements. Bundesanstalt für … encompasses BaFin representatives for all three financial sectors. The Bundesbank maintains an internal crisis committee and a … steering committee. The crisis committee is chaired by a board member and combines expertise from various departments such as …

Member States to address the crisis. …