Large exposures is another important area where Basel committee has set up a working group. The regulatory practices regarding large exposures are quite divergent. For example, many jurisdictions allow for collateral adjustment while computing the exposure while others, including India do not. The exposure limits also vary considerably. There is a need to set standards.
Many governments have the near universal ambition to develop the next Silicon Valley, which is home to a veritable “who’s who” of hi-tech giants such as Apple, eBay, Google, Intel, LinkedIn, and Oracle. Yet, ironically, Silicon Valley could not even replicate itself today if it tried.