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DER FINANCIAL STABILITY 1 June 2008 ANNEXES: ANNEX 1: THE COMMON PRACTICAL GUIDELINES ANNEX 2: TEMPLATE FOR A SYSTEMIC ASSESSMENT FRAMEWORK INTRODUCTION This Memorandum is an extension and update of the 2005 Memorandum and is based on Council conclusions of 9 October 2007; and on the EFC Report of 5 September 2007 (doc. ECFIN/CEFCPE(2007)REP/53990) endorsed by the EU Finance Ministers and Central Bank Governors. The agreement of the Parties1 leading to this Memorandum is based on the follow.

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