balance between financial stability and financial development objectives, selection and calibration of policy instruments …

The global financial crisis underlined that sound and effective bank regulation is vital to financial stability … outbreak. The crisis reflected the failure of regulatory authorities to keep pace with financial innovation. Bank supervision … had been weak by any measure. Supervisors did not conduct regular onsite bank inspections or examinations of sufficient …

mainly under the aegis of the Financial Stability Board (FSB) - in Brunei Darussalam, Cambodia, the Lao People's Democratic …