Today, I would like to talk about that future. Making specific predictions is difficult as none of us has a crystal ball. Even so, the general direction of change is reasonably clear, even if we don't know the final destination. This morning I would like to start by talking about this general direction of change.
And that, ladies and gentlemen, is what Risk-Focused Supervision is all about. Role of the supervisor in risk focused supervision The role of the supervisor in modern financial system supervision is to ensure that the risk management systems in place and the capital held, are appropriate for the variety of identifiable risks to which supervised financial institutions expose themselves on a day-to-day basis.