To improve the curriculum, enhance quality and channel resources to where they are needed, requires first of all a systematic and in-depth assessment of the services provided and the knowledge and skills acquired. Our Annual Report, with its new format and content, this year includes an in-depth examination of the public administration.
On the other hand, signs of stabilization are beginning to emerge, especially in the financial sector. As a case in point, the iTraxx credit derivates index for Europe – a prominent risk measure – sank by 19% in April compared with March, while the U.S. iTraxx went down by 16%. Corresponding risk measures for the Republic of Austria have also improved substantially.