X hits on this document

384 views

0 shares

0 downloads

0 comments

42 / 150

Economic challenges of globalisation

42

XX ECONOMIC FORUM

he creation of economic and nancial policies of countries is, therefore, beco- ming a task demanding incredible responsibility.On the other hand Mateusz Morawiecki, President of the Board at Bank Zachodni WBK, critically assessed the activities undertaken in Europe to check how much European Banks are resistant to crisis factors. Stress-tests which some European banks were subjected to are not T

Krzysztof Pietraszkiewicz, President, Polish Bank Association, Poland; Małgorzata Iwanicz–Drozdowska, Professo , Warsaw School of Economics, Poland; Tomasz Bogus, President of the Management Board, Bank Poczto- wy S.A., Poland

sucient and do not prove to what extent the system is safe. He emphasised that transparency and trust in banks was rebuilt in the short term but the best test will come in the near future. Commercial banks will have to prove whether they will be able to roll their gigantic debt, maturing in 2011,2012 and 2013. Will they manage to roll ve billion Euro while it is ever harder to acquire deposits without paying too much and while it is ever more dicult to place bonds on the market wi- thout oering high prices. The complexity and the pecu- liar character of certain coun- tries’economic situations, even if they are EU member states, means that exible nancial policy rules need to be applied. The European Union has ad- opted, among other things, a guideline determining the amount of long-term deposits Sławomir Sikora, President of the Board, Bank Handlowy w Warszawie, Poland Cezary Stypułkowski, Managing Directo , J.P. Morgan, Poland

Document info
Document views384
Page views384
Page last viewedMon Dec 05 14:10:11 UTC 2016
Pages150
Paragraphs1207
Words27560

Comments