So the decline in average rates paid has been driven by factors other than just compositional changes.7  7 / 16  BIS central bankers' speeches  While banks began the process of tightening lending standards from around 2015, over the past year or so they have extended these efforts by applying greater rigour to their assessments of the ability of prospective borrowers to service loans.
In the face of globalisation and rapid advances in technology, risk management is increasingly taking a larger share of Management's attention in Central Banks the world over. This seminar is important to you as Board members for a number of reasons.