Also, we do not expect an overnight shift in the funding structure from bank credit to market securities. There are good reasons why we would like to see more securities issued relative to loans just as there are reasons why the system is currently heavily reliant on bank loans over any other funding source.
1/2  BIS central bankers' speeches  With the National Government Administrative Center situated just around the corner, as well as the continuing influx of government institutions setting up shop within the complex, the New Clark City is also clearly geared towards responsive governance and public service.