In particular, it has been my experience that competency in mathematics--both in numerical manipulation and in understanding the conceptual foundations--enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decisionmaking. For example, through an understanding of compounding interest, one can appreciate the cumulative benefit of routine saving.
The issue of the maintenance of liquidity buffers at national level for host entities of cross-border banking groups shall deserve particular attention in this regard. It is profoundly in the interest of all actors that these new requirements be implemented in a consistent and timely manner. During the transitional period however, further analysis is required in order to ensure an appropriate calibration.