摘要：Financial market stability has received a great deal of attention
in recent years. Many countries, including most of the Nordic
ones, have seen serious problems in their fi nancial sectors,
with substantial costs for both the nation and the individual.
The fi nancial system redistributes capital and risk and attends
to payment and settlement functions. Solid fi nancial institutions
and smoothly functioning fi nancial and securities
markets are essential if these functions are to be discharged
in a satisfactory manner. Should confi dence in the fi nancial
system fail, there could be substantial negative consequences
for other sectors of the economy. Stability and confi dence in
the fi nancial system are therefore a central aim of regulation
and supervision.
