It seems that the risks and challenges after the crash of 2008/2009 will be as tough as what we have pursued in the midst of crisis. The risks and challenges ahead are much more diverse and complex with global economic policy constellation tending to escalate. 5. Thus, our transformation process towards a sustainable growth inevitably needs a new mindset and approach.
The steps we are taking today are fully consistent with those principles. As in all past crises, at the root of the problem is a loss of confidence by investors and the public in the strength of key financial institutions and markets, which has had cascading and unwelcome effects on the availability of credit and the value of savings.