We welcome any and all comments, ranging from broader opinions about the proposed framework to feedback on the more technical aspects of the proposals. We think institutions will find information in the proposed guidance helpful as they progress towards implementing risk-measurement and risk-management systems that are consistent with any final U.S. Basel II rule.
None of us have a crystal ball to tell us how the match will end. But we can look at existing 1/4  BIS central bankers' speeches  evidence. In my brief remarks this evening, let us turn to the hypothetical question: how would the coin toss change, if one of the sides were to vanish?