“The Macroeconomic Effects of the Federal Reserve’s Unconventional Monetary Policies,” Finance and Economics Discussion Series 2015-005. Washington: Board of Governors of the Federal Reserve System, January, https://www.federalreserve.gov/econresdata/feds/2015/files/2015005pap.pdf. Gagnon, Etienne, Benjamin K. Johannsen, and David Lopez-Salido (2016). “Understanding the New Normal: The Role of Demographics,” Finance and Economics Discussion Series 2016-80. Washington: Board of Governors of the Federal Reserve System, October, https://www.federalreserve.gov/econresdata/feds/2016/files/2016080pap.pdf.
Over the years, the international banking sector has evolved, so has our local banking industry. It was observed at the presentations made by banks on their progress towards the implementation of Basel II that advances have been made in risk management, information systems, and banks’ internal processes. Our banking industry is on track.