Let’s take collegiality: the Eurosystem’s main decision-making bodies (the Executive Board and the Governing Council) both work in a collegiate way, as it is absolutely essential to take decisions which reflect the wisdom and expertise of all members. For example, I have now worked for many years with Governor Liikanen in the Governing Council and really treasure his input into the discussions.
I am happy to note that Crane Bank (U) Ltd has steadily improved its service delivery and rolled out new products to meet the changing needs of the clientele. I urge Crane Bank (U) Ltd. to design robust risk management processes and internal controls to mitigate increased risks.