[28] On the lending side, with demand tending towards the weaker end of the scale, banks are finding they have less scope to pass on rising costs to customers. Sufficient capital is the best safeguard against risks.
For both the public and private partners attending today, I won’t need to stress the great benefit that high-quality data will bring. Ever since the 2008 crisis, OTC derivative counterparties have been facing a rise in the burden, and consequently, cost of mandatory reporting. A trend that is the effect of bad quality data.