We are currently assessing our technology base with aspirations to better manage risks and pricing issues related to OTC derivatives (including bringing risk adjusted pricing and risk adjusted performance on to reserve managers desktop on a pre-trade basis). Together, these initiatives should help improve our performance and risk management culture.
Maintaining our conservative liquidity profile (driven by intervention capacity) has an opportunity cost, and so we must be at least as good as other market participants at motivating and focusing our portfolio managers – by aligning incentives and trading activity to draw out these fractional returns (versus our benchmark).