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Overcoming the crisis and moving forward

Sunday 28 March 2010 - by Guido Ravoet


5. Diverse banking models: Stable relations are important for banks and businesses alike, and a variety of banking profiles can offer this.

6. Customer-oriented banking : The crisis has put the spotlight on the customer. European regulators should continue to focus on banking customers.

7. Robust banking : Capital requirements must be appropriately calibrated to ensure stability and avoid a reduction in the availability of credit and other financial resources to the wider economy.

8. Sustainable banking : Banks must further improve risk management; align remuneration and compensation schemes with long-term value creation, while re-examining the role they play in financing the real economy.


9. Adaptable banking: Banks must develop robust strategies to be able to adapt to continuously evolving market conditions and changes in the demand for banking services.

The banking sector's primary functions aim at providing a steady flow of credit to the economy at large, thus allowing for a quicker revival of economic growth.

If banks are to play this part fully, over-regulation and excessive constraints on commercial activity have to be avoided. Banks acknowledge the need for change, and support a degree of legislative reinforcement, providing it is done according to the principles of better regulation and the single market agenda.


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