The problems facing the banking sector have shown that setting a minimum capital requirement that is based solely on risk-weighted criteria doesn’t go far enough to create sufficient resilience within the sector. Because risk-weighted capital requirements alone did not provide the necessary level of protection, additional safety nets were introduced as part of the Basel III package.
It is absolutely essential that in today’s world efficient treasury management occupies a seat of importance in the management of enterprises. I congratulate your Association for having taken the initiative to hold this workshop. I strongly believe that we should keep ourselves abreast of the latest developments in asset and liability management, risk management techniques and derivative instruments.