To me, that sounds like an environment where competitive pressure in the deposit market is going to remain strong, even if some of the recent intensity has been somewhat overdone. 8  BIS Review 69/2010
In today’s world very few companies produce their products from start to finish. Instead, the production process is highly fragmented and takes place all over the world. This design of the global economy has enabled companies around the world to specialise and has created efficiency gains.