While I intend to say quite a lot about those events later on, I do not propose to invoke that excuse at this stage, because they have not had any effect on the economy to date. They have affected financial markets, but not the economy yet.
It is a pleasure to be here amid so many distinguished participants and to be joined on this panel by my central bank colleagues from Brazil and the United Arab Emirates. We are at a critical juncture as far as the set-up and functioning of the international financial system is concerned.