Trust is one
of the most critical components of financial transactions. However, trust has
suffered heavily during the past years. Trust among banks, trust among states,
trust in currencies such as the Euro, trust in financial products, trust in
shares and public bonds: citizens and investors are alienated. How can trust be
re-established? One thing is clear: it is not by trying to go back to business
as usual as fast as possible.
We need to
better understand the reasons, in order to be better prepared for the future.
There is no use in asking who is responsible for what happened. But it is
important to ask who will, and how they will take their responsibility in the
future. It is most obvious that many tend to point at all the others: THEY need
to do this, and shouldn’t do that. But when we talk about responsibility, it’s
all about ourselves: academics, politicians and practitioners from the
financial sector. We should all reflect on the mantras we have been praying for
the last decades. We should be critical about what we teach, decide and
deliver. There is no simple solution to the challenges of our time. So join us
on Thursday and Friday, 25.-26. October at HWZ University of Applied Sciences
in Business Administration Zurich, and enter the dialogue on a more stable, and
more live-serving future of our financial system!
Christoph Weber-Berg
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ReplyDeleteWhen it comes to finding the right financial system for a company it is important we should also include an incident management itil too. I agree with you that we should be prepared at all times and we must be independent in order to be successful in many ways.
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