•  Funding for banks is becoming more challenging. •  Equity investors’ appetite does not reconcile well with boring banking. Coping with difficult market conditions remains the private sector’s job. But let me tell you: For them, since the outbreak of the crisis there is no such thing as dull banking. BIS central bankers’ speeches  3
This shows that people are now moving towards using a broader portfolio of financial services and products to satisfy their needs. The use of combinations of all formal prudential, formal non-prudential, other formal and informal financial services except the excluded has been rising from 16% in 2006 to 25% in 2009 and to 29% in 2013.