I am referring to the BCBS 239 principles for effective risk data aggregation and risk reporting, which play a significant role in adequately managing the risks of a bank. In order to make sound decisions, top management needs sound data. These are the basics. Where do we stand in turning them into actual policy?
We don’t have a vote on geopolitics, but our domestic debate on the possible NATO membership is similar enough. Hopefully, this piece of uncertainty is resolved sooner rather than later, at least the polls are clear.