Another very important aspect that is being impressed upon the banks is that for the BC/BF model to succeed, the agents, who are the first level of contact for customers, have to be compensated adequately so that they too see this as a business opportunity for reasonable earnings and do not indulge in unethical practices.
Mr Hofmann gives a lecture on “Ratings and the emerging new equity standards: a symposium on the BIS proposals”  Lecture delivered by Mr Gerhard Hofmann, Head of Banking Supervision Department on behalf of Mr. Edgar Meister, member of the Directorate of the Deutsche Bundesbank, at the symposium arranged by the Center for Financial Studies and New York University, held in Frankfurt am Main on 2 December 1999.