*  *  *  Accompanying slides can be found on the Bank of Finland’s website: Slides (PDF)  It is an honor and a great pleasure for me to participate in this seminar here in the heart of the City. It is especially pleasant to do this under the benevolent eye of the present Lord Mayor.
The pre-emption by way of Statutory Liquidity Ratio (SLR) has declined considerably from 38.5 per cent in 1991 to 23.0 per cent of the Net Demand & Time Liabilities (NDTL) in 2013 (Chart 2). All the while, the banking sector has been robust, meeting all prudential standards as per best international practice.