This is the time to engender a culture of increased productivity among your workers and set the stage for linking wage increases to productivity, when the recovery comes. If the current economic slowdown brings an end to the unsustainable real estate bubble and the splurge in motor car imports, it would have had a positive impact.
Proposed revisions to the market-risk rule As you are likely aware, the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation also have issued an NPR to amend their market-risk capital rules. The proposed amendments would implement changes to the Market Risk Amendment that were adopted by the Basel Committee and IOSCO in 2005.