It came to stand in the way of how banks ought to operate, and created problems for all parties involved, bankers themselves included. Let me explain how “managing for value” led to imbalanced decision-making. “Managing for value” fostered both short-term and instrumental thinking. Clients became instruments to extract money from in order to maximize profits and thus increase shareholder value.
For our overseas participants, I hope that you will enjoy your stay with us and the fact that you are here during our 31st Independence day celebrations, when we display our rich cultural heritage and diverse traditions makes us very happy to be your host. Thank you. 4  BIS Review 87/2006