Banks have to prepare themselves for meeting this responsibility by nurturing a healthier balance sheet. I conclude by wishing the State Bank of Mysore management the very best on this occasion and thank you all for patient hearing! BIS central bankers’ speeches  7
A lot has been done in Europe over the last 20 years: the combination of the bold single market endeavour starting in the mid eighties and of the single currency starting at the end of the nineties are perhaps the most striking historical set of structural reforms at the level of a continent in peace time.