And he added: “Neither of them can go backwards”. Thank you for your attention. BIS central bankers’ speeches  5
It is commendable that the majorities of the boards of the two largest bankowned asset management companies consist of independent directors. Italian banks have large market shares in the countries of eastern Europe, where lending is expanding rapidly. The loans go above all to households for the purchase of houses, whose  BIS Review 84/2007  3  prices have risen rapidly.