*  *  *  The surge in risk hedging in recent years is a symptom of a much broader issue of change in both domestic and international finance that is a manifestation of changes in the real economy.
As the pace of technological change alters the conduct of business in ways we will never fully anticipate, we must foster the ability of our ever-expanding international banking and financial system to meet the challenge of that change. The flexibility of our industry and workforce to reinvent themselves when the need arises forms the basis for increasing standards of living.