Embodied in the proposal are some important risk management principles and sound practices that supervisors would expect all of the very largest and most complex US banks to be following or aspiring to, even those not electing to use one of the more advanced approaches.
Another 1/2 percentage point of the pickup in productivity growth reflected technological innovations in the actual production of computer hardware and semiconductors as well as better management - perhaps assisted by these high-tech investments of the nation’s capital and labor resources.