It remains to be seen, moreover, what will be the effect on behaviour of changes to accounting standards which will almost certainly increase the apparent short-term volatility of corporate results. Some have argued, I think persuasively, that an undue focus by investors and managers on the short term is a significant impediment to long-run performance. This seems an issue worthy of further study.
Hopefully, you might spare some time for that at this conference. In any event, there is no doubt that the functioning of our financial systems is very important.