The effort not to raise regulatory capital requirements is underlined by the critics' preference that op risk capital needs be addressed in Pillar II - that is, it should be part of the undisclosed capital buffer developed as part of the supervisory oversight of banks on a case-by-case basis. We again disagree.
Second is how such developments in economic activities will affect price situations. And third is how the increase in commodity prices and the resulting increase in actual inflation is affecting the inflation expectations of households and the price-setting behavior of firms.