Legal amendments would have to be made to compile basic management information on financial condition and risk exposures of the group as a whole. It is also important to send a clear message that the bank will be able to stand alone if the commercial owner gets into trouble, and thus banks’ depositors and creditors do not need to run for the exit.
After all, we have to ensure that our members of staff are kept up-to-date with the latest knowledge and that they have the opportunity to develop their soft skills.