It is important that industry also raises its game on engagement in Europe and I would encourage IFIA to carefully re-examine its strategy for European advocacy to ensure it is having maximum impact.
Following my remarks, this year's Mayekawa lecture will be given by Professor Raghuram Rajan of the University of Chicago. I am looking forward to learning from his extensive knowledge of banking theory as well as his experiences as Chief Economist of the International Monetary Fund and Governor of the Reserve Bank of India.