Let me structure the rest of my talk as follows: I’ll continue with the world outlook, and the risks and challenges we see from these global impulses. Then I’ll discuss our own domestic market dynamics, paying particular attention to the country’s sources of resilience that have allowed us to sustain positive growth and make notable headway towards greater inclusion.
BIS Review 28/2008  1  This environment contributed to a new trend in financial innovation, mainly through securitization and a change in banking strategy to the so called “originate-to-distribute model”. This model allowed banks to originate loans, pool credit risks and sell them on to investors. The securitization of mortgage loans became an important platform for the originate-to-distribute model.