The guidance is aimed at providing supervisors and bank management insights on those elements of counterparty credit risk management systems at large complex banking organizations that may need special review and enhancement in light of the rapid changes taking place in banking and financial markets. The guidance is targeted at relationships with all types of bank counterparties, including hedge funds.
This is the Panchanga Sravanam, an informal social function where an elderly and respected person opens the new almanac pertaining to the coming year and makes a general benediction to all present. The advent of radio and television has changed this routine somewhat, especially in the cities. Nowadays, people turn on the radio or TV to watch the recitation.