Eventually we produced the plan. Thirdly, it was an essential element that transformation was more than about employment equity numbers. It also involved changing the culture and the decision making processes in the Bank. To that extent we sat down to create a committee or syndicate decisionmaking system.
Another example concerns transparency requirements across asset classes. Substantial efforts are underway to further improve the transparency and disclosure requirements of ABS in a pan-EU manner, building on the improvements to ABS transparency brought in by the ECB’s ABS loan-level data templates.