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09 September 2008
Globalisation of financial markets has increased rapidly over recent decades, bringing with it many opportunities as well as some important new challenges for financial stability and for the authorities with responsibilities for it. On 9 September 2008 HM Treasury published Financial stability and depositor protection: cross-border challenges and responses, which identifies some of these challenges and presents possible responses to them, referring where possible to initiatives already underway at an international level.
The document is intended to stimulate debate within the international fora this autumn. It proposes a series of steps to address internationally five objectives:
