More and more, the topic has moved towards the top of the agenda of policymakers, central bankers and private market participants alike. And seeing all the esteemed speakers and participants, I am sure this conference will make a valuable contribution to this debate. So what does the future hold in store for us?
It seems that the financial crisis spilled over into the economy and that this economic crisis could in turn now weigh on the financial system and on banking results, for example via an increase in the number of failures. Until the middle of last September, the crisis was largely financial.