Consider, for instance, the major changes concerning credit rating systems, which play a key role in the portfolio management of pension funds in every country; or the uncertain perspectives of the investment banking industry, which provides companies and investors with such essential services as securities underwriting and trading, asset management, and M&A advice; or again the upsurge of counterparty risk on OTC derivatives, which pension fund managers have used increasingly to try to improve portfolio risk management.
This group is actively working on different protocols including agent code of conduct, agent sharing models, interoperability schemes, consumer protection framework etc. Ladies & Gentlemen, it is a matter of great comfort and satisfaction for banking and telecom companies that their respective regulators i.e.