The Basel III framework also includes liquidity requirements designed to mitigate excessive reliance by global banks on short-term wholesale funding and to otherwise constrain risks at those banks. Further steps are under way to toughen the oversight of large institutions and to strengthen the financial infrastructure, for example, by requiring central clearing with greater transparency for the trading of most standardized derivatives.
Is that a matter solely for the Board, or the shareholders; at national level should there be a cross-party Parliamentary committee of scrutiny; and what do we envisage for our regional bank to safeguard probity and avoid even the suspicion of loose practice? •  What is transparency?