Supervising financial markets

In order to minimize risks resulting from financial turmoil, the liberalization of capital markets should be supported by prudential rules and supervision of financial markets.

In this context, progress should be made in strengthening the solidity of domestic financial sectors, as well as macro-economic performance, on the one hand, and in improving the international financial system with regard to transparency of flows (from lending and borrowing sides), prevention of financial crisis and the fight against capital flight, money laundering and tax evasion, as well as stabilizing international financial markets, on the other hand.