The first is financial: the euro zone needs a region-wide system of bank supervision, recapitalisation, deposit insurance and regulation.

ECONOMIST: The future of the European Union

Closely related to this third group of activities is a critical question that we as a country now face: how to strengthen our financial system, including our system of financial regulation and supervision, to reduce the frequency and severity of bouts of financial instability in the future.

FORBES: Reducing Systemic Risk

The supervision of the financial system has been overhauled to meet international norms.

ECONOMIST: THE KOREAS

Market forces and models are useful tools but strong supervision and regulation should always be in the first line of defense in protecting our financial system.

FORBES