4  BIS Review 57/2006  Conclusion In my view, seen over a long-term horizon, the concept of the Paris Club seems to have been in many respects a precursor signalling some of the main features that later proved appropriate to handle the very stimulating but complex globalised economy and finance of the world today. First the Paris club was global from the start.
The business plans of the main listed banking groups do not always appear to be consistent with the above-mentioned objectives. In a number of cases, efficiency gains and productivity increments are based on restructuring of the territorial network and containing the number of staff, without envisaging progress towards multi-channel distribution.