The impetus for social banking can come from two approaches – one of them being through legal and regulatory requirements. This approach could, however, result in social banking being pursued only from a compliance perspective. The other alternative, which holds greater promise, requires a realisation by market players that social banking could be a viable business proposition.
We are moving towards the aggregator bank in the US or a good bank/bad bank where the toxic assets … Italy has never really been infected by toxic assets. That probably didn’t … that’s a blessing now. A I mean, let me say something about the banking sector in general. Market place people, public opinion have lost confidence in the banks’ balance sheets.