I admit that in my daily work I encounter two types of approaches when discussing the future stability of banks. On one hand, there are those who possess (or claim to possess) extensive information regarding the sector’s situation—information that allows them to draw conclusions about strategies and their future development. These are true experts on its limitations and strengths. On the other hand, there are all those who consider themselves to lack sufficient knowledge or basic information when dealing with banks as providers of financial services and investment products. Naturally, financial education is essential for the latter; the best education is that which transforms their relationship with banks into one of mutual trust and long-term commitment. Regarding the former, I must admit my feelings are mixed. On one hand, I always try to benefit and learn from them. On the other, I believe they should acknowledge that they precisely lack information and knowledge. We all do… how can one have a clear strategy when many of its foundations have yet to be written? And it is precisely at this point where financial regulation comes into play.
