These are also the sort of measures some banks have again requested RBI to adopt in the current phase of rising yields, wherein yields have moved up from around 6.50% at end-August 2017 to around 7.45% now. Interest rate risk of banks cannot be managed over and over again by their regulator.
; Similar changes at a global level – which have a direct impact on us in Europe – including the creation of the Financial Stability Board (FSB) and the standard setting by the Basel Committee on Banking Supervision and at IOSCO. The resilience built-up in recent years has put the European financial system in a stronger and less fragile position.