At the same time, Russia’s economic growth has also been impressive, and the country has become even more important for us in Europe. Russia is particularly important as a source of energy and Russia’s growing standards of living have enabled many countries – including Finland – to export more there.
In order to contain model risk, additional efforts must be directed at refining the methods used to value SF products. Banks’ liquidity management must also be improved, with reference to liabilities no less than assets, to increase our understanding of the relation between market liquidity and banks’ funding liquidity risk.