Will they remain competitive or will they be pushed aside by specialised banks expressly aiming to make full use of comparative advantages? As I see it, the universal bank has a future. This future, though, may involve a stronger focus on core competencies both to utilise comparative advantages and to benefit from the advantages of risk diversification.
And in addition to the health problems and the human suffering, we’re also experiencing a severe economic shock that is being compounded by the protective measures taken. Our new asset purchase programme, which has been put in place specifically for this pandemic emergency, aims to address the particular nature of the situation we are facing. Where do you see the biggest problems?