This is underpinned by institutional developments, such as the creation of two new bodies - the Financial Stability Forum and the G20. This is not today’s subject. I mention it, however, because there will be changes ahead which will enforce new standards of regulation and transparency worldwide. The euro It is against this background that we should assess the progress of the euro.
Banks and other lenders in particular have a key role to play by: Providing the lending and deposit services required to support a well-functioning economy; Supporting customers who may be experiencing difficulties in light of the changed macro-economic environment, including in particular customers in or facing arrears on existing loans; and Developing and implementing strategies which preserve long term sustainability and firms' capacity to continue to support the economy through this period and into the future.