It is frustrating for banks when they do not see the kinds of returns generally expected from heavy investments in IT/IT enabled initiatives like the BI or CRM. In most of the cases, it is the data that is often put to blame. In most cases, banks may not be even aware of the magnitude of the problem and the criticality of the issue.
It is our firm belief that, over the longer term, the best means of preventing unhealthy developments is efficient risk provisioning and supervision of the financial sector in conjunction with a stability-oriented macro policy. Negative spillovers from the European sovereign debt crisis to the emerging market economies might be generated, above all, by weak economic activity in the euro area.