For all of us, though, it is the right approach – relying more than before on the internal measures and management practices of banks, giving them  2  BIS Review ? ?/2001  more incentives to invest in better information systems and controls, and, I must emphasize, looking closely to see that their processes work.
For the sake of brevity allow me to focus here on two such activities, and I am fully aware that there are many other tasks that equally deserve our full recognition.