In my view, a key task on the way towards transforming shadow banking into resilient market-based financing is now to identify areas where additional FSB recommendations are needed and where existing recommendations should be made more precise. We have to bring forward this reform agenda with all our efforts.
The term “generation” refers to a common identity arising from common experience. Thus, the identity of Gen Y Managers, that all of you perhaps are, would also arise from the common experience of a changing world around us, a product of the wider historical context.