By being “conclusive” means that supervisors need to take their findings to logical conclusion through further probing or deliberations and discussions. Let me add that all these attributes of a good supervisor are also relevant and important in your conduct as non-executive directors. Adherence to these principles would mean that you are able to take informed decisions and ensure that these are properly implemented.
Our supervisory model, however, does provide capacity for us to react to triggers and problems that emerge in individual funds as well as random spot-checks. We will also increasingly rely on the use of our thematic supervisory tool, namely examining a specific issue across a cross-section of institutions.