Before you get into the discussions, I would like to address three questions. What has been the contribution of the Group to the development of consumer price indices? What does digitalisation entail for price statistics? Where do we stand with regard to the measurement of real estate prices? 2. Contribution of the Ottawa Group Central banks have a key interest in price developments.
Most prominent in this regard is the Basel II IRB approach for risk-weighted capital requirements. The IRB approach, which generally applies in the United States to all bank holding companies with $ billion or more in assets, was developed a decade ago in an effort to align risk weightings more closely to the increasingly sophisticated quantitative risk-assessment techniques in the financial industry.