At its most recent meeting in May 2009, the Committee of Central Bank Governors approved the work programme of the subcommittee and in fact the Committee holds its third  1  Currency Composition of Foreign Exchange Reserves (COFER), IMF. BIS Review 95/2009  3  meeting in Lesotho starting tomorrow.
So the average figure of 12% is only indicative. So you take a close look at banks’ books? Yes. And in the end the capital ratio for one business segment may be much higher than the average. On average three times as much capital has been put aside for the trading activities of banks as in 2008.