With regard to the more cyclical component of the recent developments, without underplaying the need for structural reform in some cases, one could even draw a more constructive conclusion of current developments, namely that depreciating exchange rates, and moderation in growth patterns may actually be testimony to how responsive these economies have become, and can adjust to changes in the underlying fundamentals.
This will unlock resources that can support new or existing sound investment and business initiatives necessary to consolidate the growth dynamics. In general, banks have achieved significant improvements in their corporate governance and liquidity and solvency ratios in recent years and there is absolutely no reason for concern about their performance.