As in the past, without strong risk management and credit discipline, the prolonged period of favorable conditions could breed behavior by lenders that will contribute to a more severe credit cycle the next time around. In closing, let me again commend you for taking the time to participate in CUNA's Government Affairs Conference.
Your participation is valuable, and I thank you for inviting me to join you today. 2  BIS Review 13/2005  Exhibit  BIS Review 13/2005  3