We are still forecasting a slowdown even though our previous forecasts of slowdowns have not eventuated. But I would hardly classify a mild slowing of the economy as being a major problem for us.
We are currently conducting a horizontal review of compensation practices at the largest firms. BIS Review 31/2010  3  as a whole. Moreover, the insights provided by our role in supervising a range of banks, including community banks, significantly increases our effectiveness in making monetary policy and fostering financial stability.