In terms of the Group of Seven expressed

In terms of the Group of Seven expressed a firm intention to use all available tools to support systemically important financial organizations. It is also planned to take all measures necessary to "unfreeze" the credit and money markets and ensure banks and other financial institutions greater access to funding sources - both public and private, to support national insurance programs, and deposit insurance in order to restore depositors' confidence to banking institutions that contribute to the restoration of secondary market mortgages and other securitized assets, etc. Euro-zone countries announced that they will buy the share capital of banks to strengthen their financial condition and guarantee interbank loans until the end of next year. IMF Managing Director Dominique Strauss Kahn said that the measures taken by countries to overcome the crisis need not be identical, but must be coordinated. October 10, 2008, he proposed a plan of action from four options: 1. Provisional government guarantee of liabilities - not only private but also, possible inter-bank deposits as a means of restoring the functioning of key markets. This should be temporary and should include such safeguards as strengthened supervision and limitation of deposit interest rates, 2. Recognition of losses: losses must be recognized and to acquire assets at fair value, and 3. Ensuring state capital , since this is limited private funding sources, and 4. Promotion of co-operative approach: The need for international cooperation is urgently required today. Category: Liquidity of the banking system of Ukraine | Tags: Group of Seven