Nout Wellink: Working on the future of the financial sector Speech by Mr Nout Wellink, President of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision, at the Dutch Embassy, London, 19 February 2010.
Even though there is undoubtedly a cyclical element to the international environment which will wane in time, I suspect that the growing weight of resource-hungry Asia will mean that our terms of trade will be higher on average in the next decade than they were in the last quarter of the twentieth century.