BIS Review 11/2004  1  Turning to the monetary analysis, annual M3 growth has continued to moderate only slowly over recent months. The shift of portfolios away from monetary assets towards longer-term financial assets outside M3 that started during the summer of 2003 has been rather gradual.
Credit risk will continue to be a big focus as long as depositors’ interest is paramount. As a result, banks will need to obtain more and better data to make credit decisions and to create analytics based on that data. But the essence of analytics lies in the fact that the qualitative data is not fragmented for consolidation.