participation in international organizations and forums - Basel Committee, International Organization of Securities Commissions, the Joint Forum and others. Thirdly, national supervisors should evaluate and enhance existing guidance on risk management practices, evaluation and control. Fourth, further improving the quality and timeliness public disclosure, which would diminish uncertainty about scale of potential losses associated with problem debts. The major instruments to improve bank governance risks at the present stage of development of the banking system should be the use of scenarios and methods of stress testing, liquidity planning for emergency circumstances, the assessment of the reliability of systems of risk management and improved the use of credit ratings by rating agencies.