01961cas a2200313 a 4500 AALejournalIMF020168 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498337434 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (2 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a framework that applies on a cross-border basis. Since many systemically important financial groups operate globally, an uncoordinated application of resolution systems by national authorities will make it much more difficult to both secure the continuity of essential functions (thereby limiting contagion), and ensure that shareholders and creditors bear the financial burden of the resolution process. Mode of access: Internet Crisis imf Fund imf Governance Structure imf Mandate Review imf PP imf Haiti imf Policy Papers; Policy Paper ; No. 2010/096 Full text available on IMF http://elibrary.imf.org/view/journals/007/2010/096/007.2010.issue-096-en.xml IMF e-Library