http://www.rba.gov.au/speeches/2017/sp-dg-2017-10-26.html  5/16  27/10/2017  Uncertainty | Speeches | RBA  Graph 2  The graph shows that, most of the time, our current estimate of the NAIRU is not much different from our earlier estimates. [7] There are a few noteworthy divergences between different vintages of the NAIRU.
Hence, they need to be well-equipped to identify, measure, manage and control the risks especially when, often, they are counterparties to the treasury transactions of the banks. Regulatory framework for banks is gradually encouraging banks to assess and manage the risks on their own while regulation focuses on the adequacy and robustness of the systems in vogue in the banks for the purpose.