Novel methods of measuring credit risk enable differences in credit-worthiness between individual borrowers to be quantified more accurately. As a result, the existing subjection of all enterprises to a uniform risk weighting of 100% is too generalised. The old risk weighting scheme is to be replaced by up-to-date methods, especially ratings, which permit a more sophisticated and more precise measurement of risk.
•  Reforms will provide our grandchildren with more employment opportunities when they leave school. •  And improve the standards of living of all our people. •  On the whole, these reforms will provide the basis for “Growing a sustainable economy for our future”. I fully share these views of the Minister for Finance.