*  *  *  Let me now turn briefly to the developments in the banking sector in Slovenia during the financial crisis and the specifics of resolution measures undertaken in December 2013. The business models of Slovene banks before the financial crisis were based on heavy funding on international financial market and aggressive lending to increase or retain market share.
Frederic S Mishkin: Monetary policy flexibility, risk management, and financial disruptions Testimony by Mr Frederic S Mishkin, Member of the Board of Governors of the US Federal Reserve System, at the Federal Reserve Bank of New York, New York, 11 January 2008. The original speech, which contains various links to the documents mentioned, can be found on the US Federal Reserve System’s website.