In the meantime, deposit insurance schemes, which will be extensively discussed at this conference, now insure higher amounts under strengthened financial foundations, thereby contributing significantly to a more robust financial system. All in all, over the last ten years or so, the robustness of the global financial system has been steadily enhanced in many areas.
Accordingly, the risk that we could fall into the same kind of crisis as the last one is probably lower to a considerable degree. Having said that, I must point out that the environment surrounding the financial system is undergoing rapid 8  changes, including the development of FinTech and the rapid growth of the shadow banking sector.