Returning stability to the banks and the banking system.
A speedy recovery could not be expected from the worst
financial crisis since the Great Depression. For those
in charge of the banks the situation is undoubtedly
challenging and, unsurprisingly, many directors are
preoccupied with the short-term actions required to save
their bank. But concentrating on these short-term
responses to the exclusion of actions, which will affect
the medium and long term is a mistake. It is precisely
because economic conditions are so dire that management
must rise above the distractions to take an
uncompromising look at their businesses and not let
long-term economic stability be consumed by crisis
management. pdf 2009
