As a consequence, capital for trading book exposures was distressingly inadequate. In response, the Committee finalised last year a series of enhancements to the trading book rules. These higher capital requirements capture the credit risk of complex trading and derivative activities and require banks to calculate a stressed value-at-risk.
We would very much appreciate that the Parliament could accept the argument that the publication of the votes of individual members of the Governing Council could trigger national public debates on whether national central bank governors have taken  BIS Review 62/2004  3  due account of national interests, when the Treaty calls for us to focus on the euro area as a whole.