In turn, this country benefits from the wealth that is created by these financial institutions, and the training and experience gained in the workplace. Fundamental to this human resources equation, is that we have people who understand finance and develop an interest in working in this industry.
Ladies and Gentlemen, without any doubt: the implementation of Basel II is a significant challenge for both, banks and supervisory authorities. This holds especially true for countries where a high number of banks are planning to use their internal risk measurement methods for supervisory purposes as well. It was the intention of my speech to deliver three key messages: 1.