This speech written and delivered in 1981 talks on how and what management can do about certain issues surrounding the banking system. It touches on the management of inflation to deter it from causing a long-term cumulative effect on the operations of a bank and a business.
It reminds financial managers to be always on toes, to pay attention to little mistakes that may cause a year's effort for improvement.
"Financial institutions are not immune from the effects of the long-standing inflationary pressures that affect all of us today and which, by cumulating each year, progressively worsen our situation. Whether absorbed from abroad or by our own making, inflation exercises a complete and final impact on financial institutions which cannot quite be shifted to clients... Current regulatory environment calls for keener competition in both the funding and lending sides of business...The task of managing financial institutions demand mental alertness, requires (us) to be on guard, to make difficult decisions that test the relationships between us and our friends."
The relevance of the topic to present times outdate the circa and speech |