As we discussed last week,
Just in case Mrs. Lagarde was not clear enough, Mr. Jeroen Dijsselbloem, Dutch Finance Minister, and head of the Eurogroup of euro zone finance ministers has dissipated any possible doubt today.
"If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?'. If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders,"
http://uk.reuters.com/article/2013/03/25/uk-eurogroup-cyprus-dijsselbloem-idUKBRE92O0IL20130325
We’re entering in a new era of Banking; consolidation, cleaning, efficient Capital Management, disclosure… those are the magic words from now on.
Changes are always scary, but they also mean opportunities, and if we can prove that SAP Banking can offer the control mechanisms and disclosure functionalities to support efficient management of the Banks Capital, it will be at the right place, in the right time and with the right answer.
Maybe some of you think that Mr. Dijsselbloem is insane and panic will make everybody remove their savings from the banks and keep them at home. This is not going to happen, we’ll see the reason next week.
Looking forward to read your opinions.
K. Regards.
Ferran.
Just in case Mrs. Lagarde was not clear enough, Mr. Jeroen Dijsselbloem, Dutch Finance Minister, and head of the Eurogroup of euro zone finance ministers has dissipated any possible doubt today.
"If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?'. If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders,"
http://uk.reuters.com/article/2013/03/25/uk-eurogroup-cyprus-dijsselbloem-idUKBRE92O0IL20130325
We’re entering in a new era of Banking; consolidation, cleaning, efficient Capital Management, disclosure… those are the magic words from now on.
Changes are always scary, but they also mean opportunities, and if we can prove that SAP Banking can offer the control mechanisms and disclosure functionalities to support efficient management of the Banks Capital, it will be at the right place, in the right time and with the right answer.
Maybe some of you think that Mr. Dijsselbloem is insane and panic will make everybody remove their savings from the banks and keep them at home. This is not going to happen, we’ll see the reason next week.
Looking forward to read your opinions.
K. Regards.
Ferran.
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