And whilst the total number of job openings has held up so far in Ireland, we are seeing declines in some sectors, such as technology-related jobs, which is following a similar decline in the US. This will inevitably bring both uncertainty and challenges for individuals and households.
Since the Working Group report was issued, hedge funds have greatly expanded their activities and strategies, and their interactions with counterparties and creditors have accordingly become more complex. The continuing challenge for supervisors, counterparties, and hedge funds is to ensure that rigorous and appropriate methods of risk management are brought to bear even as institutions, instruments, and markets change.