Of course, while we want to promote consistency, we must also allow bankers some flexibility in meeting the Basel II requirements and permit a reasonable amount of diversity of practices across banking organizations. Such flexibility will allow banks to use and readily improve their existing risk-measurement and risk-management practices. More to the point, as supervisors we should actively encourage such improvements.
3/5  BIS central bankers' speeches  Bearing in mind that globalization and automation also generate economic growth that benefits everyone, it is clear that there is no simple solution to this. However, it is a useful metric to track when considering alternative policy ideas. Yesterday’s decision All that said, the Canadian labour market has certainly been important to the economy’s resilience.