Introduction  As you all know, the 2008 global crisis – mainly a crisis of credit and confidence expressed in both bond and equity world markets – turned into a sovereign debt crisis in the euro area in 2010, heightening market concerns about the sustainability of public finances of governments in the so-called europeriphery.
In this kind of milieu, it is upon the Banks and their Boards to assiduously build sound corporate culture and value system within the organisation. VI. Quality of Information 13. Our supervisory assessments have revealed that, sometimes, the information being put up to the Board was laden with gaps and material inaccuracies.