It punishes low-risk business models, and it favours high-risk businesses, encouraging banks to engage in more risk-taking, for example. This is the world of Basel I, which was relatively indifferent towards credit risk. Let’s not forget that a decade ago, the Basel II framework was developed as a response to the Basel I rules of 1988. 3.3  Moving away from risk-oriented banking regulation?
The economic briefing this morning has three parts. First, Chief Financial Officer, Mr Daniel Loeto, will provide highlights of the Bank’s financial performance and operations in 2019 and updates, where relevant. Second, it is a tradition that the Annual Report also includes a review of economic 2  developments and outlook.