After an eventful year here at Ozrisk and in the real world, I am going on holiday arounf New Zealand until just before Christmas, so do not expect much in the way of postings from me here until the new year. Others may decide to post a bit, though

I am taking all of the recently released standards and BIS documents with me to read while I have some time (no comments on that, please – I know it is great holiday reading) so I should have some better considered analysis on them all in the new year.

In the meantime, have a happy Christmas and control those risks carefully over the break. Remember – markets tend to trade more thinly, so look for a little more volatility.

If I do not post before that, see you in

the new year.