This  was  also  reinforced  by  weak  risk  management systems and poor oversight responsibility by the boards of directors. Some of the examples of recklessness that led to the failure of the two banks include: 8|Page   Co-mingling of the banks’ activities with their related holding companies.
They were decided against the backdrop of credit dynamics that were at the weaker end of what can typically be observed in the aftermath of banking crises, and, from summer of 2014 onwards, heightened downside risks to the inflation outlook and a concrete threat to the stability of inflation expectations.