With the current pace of increase in living standards and the emergence of a sizable middle class, the vast potential demand for retirement saving vehicles in these economies would allow the global financial industry to generate important economies of scale and scope.
Erkki Liikanen: A tribute to Stanley Fischer A tribute to Mr Stanley Fischer, Vice Chair of the Board of Governors of the Federal Reserve System, by Mr Erkki Liikanen, Governor of the Bank of Finland, 13 October 2017. * * * Stanley Fischer is leaving the Fed today.