Professionals have a sacrosanct responsibility to provide advice and guidance in their areas of speciality. Institutions such as KIB therefore play a key role in building the capacity of bankers to respond to emerging issues. The global financial system is evolving rapidly and professionals have to “up their game” if their institutions are to survive in these turbulent times.
Also on Friday, 22 August, the auditors notified the Danish Financial Supervisory Authority accordingly. On 24 August, the Danish Financial Supervisory Authority set a deadline for Roskilde Bank – 29 August 2008 at 4:00 pm – for returning to compliance with the solvency requirement and the bank's individual capital need.