Of course, the need to improve the market infrastructure and regulatory framework for the financial institutions’ trading and taking position in OTC products needs to be strengthened. This is precisely what we have been doing for the OTC derivatives in forex and interest rate and credit derivatives. 8  BIS central bankers’ speeches  33.
This poor performance appears to be at least partly attributable to insufficient “capital deepening” – that is, the amount of capital with which workers are equipped. Another part of the problem appears to be that capital investment is not always well integrated into the workplace. 5 Let me expand on this last point. I’m referring here to what we call multifactor productivity.