With regard to shadow banking concerns, the specific forms related to mortgage lending that linked the regulated and unregulated sectors, such as the notorious structured investment vehicles (SIVs), collapsed during the crisis. Changes in capital, accounting, and other regulatory standards make these arrangements very unlikely to reappear.
BIS central bankers’ speeches  5  Contrast that to the situation in Japan where, over the next decade, the population is expected to decline by about as many people as currently living in Melbourne. In Australia, we are likely to add roughly another Melbourne to our population over this period.