Since the timely transition from these silent participations to capital instruments that are commensurate  BIS central bankers’ speeches  5  with the forthcoming core tier 1 definition is not at risk, the stress test in this category indicates a problem where none exists. 6.
This has implications for the quality, consistency and timeliness of data; subjective interpretation, even  6  BIS central bankers’ speeches  manipulation and delays. In cases where the information collection and submission process are largely IT based, process design itself has to be aligned to reporting requirements.