(slide) Since 2007 we have seen a divergent development of CRE prices among the G20 countries. South Africa, Canada and Korea are the only countries that show an increase of CRE prices since 2007. Contrary to them most other countries suffer from a more or less strong deterioration of CRE prices.
Nout Wellink: Basel II and financial institution resiliency Remarks by Dr Nout Wellink, President of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision, at the “Risk Capital 2007” conference, Paris, 27 June 2007. *  *  *  Introduction I am pleased to join you today to speak about Basel II and financial institution resiliency.