Since the mid-2000s, this process has been greatly furthered by exceptionally favorable global financial conditions, with abundant liquidity, low risk aversion, and falling long-term interest rates. Financial integration in Central and Eastern Europe The transition countries of Central and Eastern Europe were the recipients of a massive influx of capital from abroad, mostly from Western Europe.
*  *  *  Good afternoon Lord Mayor, Mrs. Ruth Martin and other members of the SII team, Colleagues from the BIBF, Ladies and Gentlemen, As Governor of the Central Bank of Bahrain (CBB) and in my capacity as Chairman of the BIBF, I would like to welcome you all to the launch of a new partnership between the BIBF and the Securities & Investment Institute (SII).