Banks, from the very beginning, have, to be sure, managed risk - even before there were supervisors or regulators to insist that they do so. Banks managed risk because they were in the business of banking and did not want to fail and lose what, at least initially, was their own capital.
For example, banks should check what Brexit might mean for covenants, or how it could affect the handling of margin calls. This is important advice for all companies – not just banks – that want to avoid a rude awakening after Brexit. And I believe Wolfgang Dörner will talk later about preparations that companies and financial institutions should make.