"That will put in place stronger, global standards across the system that provide the right balance between stability, preserving the capacity for innovation, make sure we reduce the risk of future crises."

VOA: standard.2010.05.26

This helps regulators feel more secure, but it does little for the system's stability.

ECONOMIST: Indian financial reform

For those of us wanting to take that next step into advancing our financial stability and making the system work for us, this is great info.

FORBES: 3 Myths I Used to Believe About Credit Scores

Lord Turner says that the conventional institutions that we look to provide stability for the financial system and the economy - micro-prudential regulators such as the FSA or central banks like the Bank of England - don't have adequate tools for the task.

BBC: Bank lending 'should be controlled'