And to be very clear: that’s not what we want to see. We expect banks to manage some of their risks locally. They need local staff, and they need local infrastructure. In respect of market risk, banks must be able, in the medium to long term, to trade locally on a permanent basis, and they must have local risk committees.
Basic and applied research play a leading role in international competition, process and product innovation, and the introduction of new technologies. 3. Today’s guests include auditors and accountants. Members of these professions perform a complex task with great responsibilities.