European institutions hold far more capital, of much better quality. They also have much more liquidity – so the level of resilience in the European banking market is far higher. But that doesn’t alter the fact that some banks still need to do their homework.
The ultimate goal is to have a more balanced and inclusive economic growth and development that will sustain durable wealth creation. However, you and I know that improved frameworks and policies will be useless if we don’t have competent and dedicated professionals to implement them. Beyond policies therefore, what we should nurture in the career executive service is the drive for excellent leadership.