However, concomitantly, it is important that  BIS central bankers’ speeches  7  banks in general and public sector banks in particular, shift to an information based project appraisal system so as to ensure that the precious funds are not stuck in unproductive projects.
Individually these strategies might have all been rational. What individual institutions and the weather paradigm of financial risks fail to take into account is the fact that the behavior of individuals changes the payoff distribution of all other individuals.