The effect of this increased  BIS Review 164/2010  1  leverage was, of course, to boost the return on equity for conventional banks. For example, the return on equity for UK banks rose from 18 percent in 2001 to almost 30 percent in 2006. Not only did the conventional banks raise their leverage, but they also held fewer liquid assets.
All this, hopefully with stronger economic growth in the United States – our main trading partner – should allow us to preserve financial stability even under turbulent times, and increase gradually potential GDP growth to reach a level close to 5 percent at the end of President Peña Nieto´s Administration. Thank you very much for your attention. 4  BIS central bankers’ speeches