The amount outstanding of funds in the call money market has remained generally stable since the middle of June. To date, this has not led to any difficulty in funds settlement, but close attention should be paid to future market developments. With regard to corporate finance, private banks have basically retained their cautious lending attitude.
First, and most important, is the principle of sound governance: The voice of risk management must be independent and within the boardroom must be at least as powerful as that of the revenue-makers: good advice from risk managers is worthless if senior management do not listen or are not fully committed to controlling the risks generated by revenue-makers.