Observance of the principles I noted earlier on, of greater risk-sensitivity in capital requirements and of the need for levels of bank capital to be held stably and sustainably at sufficient levels to account for unexpected loss, should I hope not be remarkable.
What is more the focus of our implementation work at the next level down, particularly for the banks seeking to use the internal models approaches, is to ensure that the more intensive supervisory attention is paid to the accuracy with which those banks' internal models capture and appropriately account for the particular characteristics of the New Zealand economy and financial system.