How do you place JPMorgan in the competitive landscape
The cash management banking market in Asia is more segmented than it was three to four years ago and there are now three clearly defined categories of banks. There are the local banks, which are getting stronger and stronger in their cash management offerings with each passing year. Then there are the regional banks and these are foreign banks with local branch operations. We fit into the third category which is the global category a bank with a strong global infrastructure and a regional presence supported by a seamless network of banking partnerships.
And how are the banks in each of...