Think the Unthinkable..?

Prior to the financial crisis, most banks were confident that they were well placed to confront stresses such as 1 in 25 year downturns. The last two years have shattered their complacency! It’s probably fair to say that nobody envisaged the extent of the crisis. Now bank boards are having to question their business models, and are facing up to threats to their operations, even those that may have seemed implausible in the past.