Other than the common achievements made to date, I see that in order to reach enhance banks through Basel II implementation, our attention often deviates by the perceptions or information that are not always entirely accurate regarding Basel II implementation, which in turn could be detrimental.
Elsewhere in the Bank, staff are analysing developments in the financial system and financial markets. Inevitably the data that we look at are subject to measurement error and they are often conflicting. This means that much of our time is spent discussing the data and what they tell us about recent trends, as well as the future.