However, industry is launching initiatives to strengthen its operational capacities by augmenting its systems and processes & adapting information technology solution and outsourcing. Growing wave of mergers and acquisitions leading to conforming business practices have introduced fresh complexity in the operational processes and procedures of the financial institutions.
BIS Review 155/2009  5  Charts Chart 1 The main monetary policy transmission channels involving banks  Chart 2 Corporate credit developments in Luxembourg and in the euro area, annual growth rate (in %)  6  BIS Review BIS Review 155/2009  Chart 3 Household credit developments in Luxembourg, annual growth rate (in %)  Chart 4 The evolution of credit standards and loan demand in Luxembourg (net percentages)  BIS Review 155/2009  7  Chart 5 Expectations regarding lending volumes and loan applications from new customers (weighted net percentages)  Chart 6 Explanatory factors underlying the tightening of credit standards (net percentages)  8  BIS Review BIS Review 155/2009  Chart 7 Floating (or short-term) corporate lending rates on new business in Luxembourg  Chart 8 Explanatory factors underlying the evolution of loan demand (net percentages)  BIS Review 155/2009  9