A trend at the moment seems to be the decline of family banking in Asia. Is this a trend you see, a part of globalization
I don't know whether it is part of globalization, but it is certainly a trend being forced first by consolidation, which in turn has been accelerated by the crisis. The cozy time that banks had before the crisis doesn't exist anymore. You now have revenue pressures, pressure to innovate -- otherwise you don't survive. That has led to the family-owned structures declining. One of the biggest areas for family-owned banks is still in Hong Kong. You still have a have a huge number of family-owned banks but some have sold...