As is now evident, this approach was found to be inadequate since  BIS Review 102/2010  1  the entity regulation itself relied heavily on banks’ own risk management frameworks and more importantly, risks building up in the OTC space at the systemic level were lost sight of.
At the same time, the share of the working age population with a job declined to an estimated 60.3 per cent in 2012 from 61.2 per cent in 2007. This scenario is projected to remain mostly unchanged in the coming years and can even turn out to be optimistic should some of the downward risks materialize.