In other words, all of us here have a stake in the banking sector, a very important pillar of our economy. As in the past, I will briefly review how we fared last year, discuss how we see the operating environment for this year, and share how we can move forward together to achieve even better results.
The interrelations among the above key variables may not be fully understood at this time, much less predicted; for sure, they are set to raise critical real and financial implications that require in-depth analysis in future reports. BIS central bankers’ speeches  3