Additional technical work in necessary for studying business cycle patterns, and determining adequacy of provisions considering experience over the economic cycle. This would involve factoring in historical loss experience and qualitative factors such as underwriting standards and economic conditions. 4  BIS Review 156/2009  Micro prudential regulation From the micro perspective, the focus is on strengthening the resilience of individual institutions.
This publication is a useful reminder to our successors of these critical tenets that underpin the creation of an institution of excellence. 2/3  BIS central bankers' speeches  The late United States President Theodore Roosevelt once said: “The more you know about the past, the better prepared you are for the future.