Average RMSPEs are calculated as the mean of the RMSPEs of the following forecasters, subject to availability for the horizon in question: the Federal Reserve Board staff (Greenbook/Tealbook), the Administration, the Congressional Budget Office, the Blue Chip consensus forecast, and the Survey of Professional Forecasters. Differences in predictive accuracy among these forecasters are not statistically significant.
Before granting a licence to a financial institution, the Bank does an intensive screening of the shareholders and senior officers, as we need to be satisfied that persons of doubtful integrity are not in control within or appointed at top positions in financial institutions.