As individuals become increasingly responsible for their retirement income and the allocation of wealth, so their financial needs are becoming increasingly complex. The financial industry is responding with a wide range of instruments, many of them complex as well.
5 The Banking and Finance Oath has a very similar motivation www.thebfo.org/home. 6 See www.bis.org/press/p170525.htm. 7 See www.globalfxc.org/consultative_process.htm  4/4  BIS central bankers' speeches