As I have repeatedly emphasized, it is this expected magnitude of urbanisation expected in Asia that is unprecedented and hence the management of it is the key challenge facing us in all its multifaceted aspects. I have attempted to speculate about the possible changes in urbanisation patterns and requirements that may emerge in the future.
I share the view which is occasionally expressed that the banks’ function of assessing risk by means of an examination of creditworthiness is in essence not “outsourceable”, but that a risk examination of their own, and thus made on their own responsibility, prior to the granting of credit, is fundamentally indispensable.