Last quote by Andreas Dombret
Andreas Dombret quotes
A certain weakening of trend growth in developed economies is unavoidable against the background of demographic developments.
Political support for the banking sector must finally come to an end - something that unfortunately I've only seen to a limited extent.
Crucially, we cannot discuss away the structural deficiencies of the banking sector.
So far, the emphasis has been put too strongly on the lack of adjustment in business models. Perhaps the answer is that the banking sector has simply become too large.
A lesson from the era of the dinosaurs is still true today: size is not a goal in itself. Neither is the size of a single bank a guarantee for their survival, nor can the size of the sector as a whole protect it from crises.
There are still many zombie banks that are kept alive for political reasons.
The Single Supervisory Mechanism and the Single Resolution Mechansim have to assert their power to use the new bail-in regime in order to restructure a stressed credit institution or ultimately wind down virtually insolvent banks.