Thomson Financial News - At the present juncture, the main priority is to address from a systemic point of view the global financial system weaknesses which have been identified during the ongoing financial market correction. The major collective effort undertaken by both the public and the private sector to cope with the financial market turbulences has been encouraging. Hard work has been done in terms of restoring the orderly functioning of financial markets in the short term and identifying proper measures to strengthen the resilience of the financial system in the longer term.