In the circumstances, banking supervisors insufficient attention paid to the nature of complex structured products, too relied on the ratings of rating agencies, and underestimated the importance of maintaining regular contact and appropriate organizational information and work with senior management of banks. It should be noted that most of the national supervisory authorities and international institutions rather quickly responded to the global financial crisis and developed a series of measures to further improve the management and supervision of banking risks. Among such studies must be called first joint report of seven supervisors of the top five countries in the world, "Observation of risk management practices during the period of the recent turmoil in the markets, "prepared in March 2008 by order of financial forum stability of a special group of experts in the French Banking Commission (French Banking Commission); German Federal Administration of Financial Supervision (German Federal Financial Supervisory Authority); Swiss Federal Banking Commission (Swiss Federal Banking Commission); British Administration Financial Services (Financial Services Authority), and American supervisors: Service Controller currency (Office of the Comptroller of the Currency), Commission on Securities and Stock Market (Securities and Exchange Commission) and the Federal Reserve System