And, the ubiquitous consulting firms around the world can be relied upon to spread the word on advances in risk management techniques. Still, individual banks in each country, not just the U.S., must face the proper incentives to keep up with an ever changing technology.
This document will serve as a deliverable for the meeting of the G20 Finance Ministers and Central Bank Governors in March 2017 to be reflected in the Communiqué. Furthermore, the workshop should debate the next concrete steps to be taken after adoption of this Communiqué. I wish you fruitful and stimulating discussions and every success developing your ideas.