BIS Review 4/2007  1  In the months ahead, we can look forward to even more challenging and exciting developments as we move closer to full compliance with Basel II, the global capital standards for banks. Preparation is crucial; by now, for instance, banks should have established a sound risk management system.
That they chaired the London Gold Fixing for 85 years, continuously from its inception from 1919, may not, I suppose, be entirely in line with modern-day precepts of corporate governance, but it represents a long-running commitment to promoting the quality and international reach of the London market which has played an important part in maintaining its pre-eminence.