Directly, banks can serve as the originator of such products. And indirectly, banks can act as selling agent, creditor to financial institutions or as owner of non bank financial institutions such as insurance and security companies. Distinguished guests, fellow bankers, ladies and gentlemen  7/12  VI.
We also discussed how the economy might adjust as the terms of trade declined. It was clear that mining investment would fall, but at the same time, resource exports would increase as additional productive capacity came on line.