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In response to LTCM and other problems , the G-7 nations in late October called for their finance ministers and central bank governors to work to strengthen prudential supervision of financial institutions and to examine the operations of highly leveraged and offshore institutions , such as hedge funds . The advance notice will help the OCC fulfill requirements in the Gramm-Leach-Bliley Act for a report by the federal banking agencies on the delivery of financial services and to make recommendations on adapting existing regulations to Internet banking and lending . It is a formal interagency body empowered to prescribe uniform principles , standards , and report forms for the federal examination of financial institutions and to make recommendations to promote uniformity in the supervision of financial institutions . The mission of the University of Kentucky College of Health Sciences Business Office is to support the College 's academic , research and service efforts in attracting and being good stewards of financial resources and to exceed customer expectations . To grasp future developments in bank lending and its corollary , movements in the money stock , it is necessary not only to pay attention to the behavior of financial institutions and to debt repayments , particularly in the non-manufacturing sector , but also to keep a close eye on the extent to which companies ' views regarding the economic outlook become more bullish as the recovery continues . In addition , there is a growing consensus in support of a number of ex ante measures that can help both to reduce the impact of financial shocks and to promote more orderly crisis resolution . They instructed APEC Finance Ministers to accelerate work to promote the development of financial markets and to improve their integrity .