CEO Roundtable: Global financial crisis, regulation, and rebuilding profitability

September 08, 2008

The chief executives of 11 of the world's biggest banks discuss the lessons they have learnt from the global financial crisis, their concerns over a regulatory backlash, and how they plan to rebuild profitability in the toughest markets in history.

After the meltdown: Top bank CEOs explain their hopes and fears

Special focus: Banking 2008 and beyond

Bank management: CEOs learn the lessons and right the wrongs

How are bank chief executives changing their risk management and compensation policies? What do they fear from the regulatory backlash? What collective endeavours are they undertaking to improve systemic resilience? Peter Lee finds that the CEOs of 11 of the world's leading financial institutions are full of insights into what went wrong and how to put it right.

Participants in this discussion

Vikram Pandit, Citi
Alfredo Sáenz, Santander
Michel Tilmant, ING
Josef Ackermann, Deutsche
Georges Pauget, Crédit Agricole
Frédéric Oudea, Société Générale
Herman Verwilst, Fortis
Rick Waugh, Scotiabank
Terunobu Maeda, Mizuho
Teisuke Kitayama, SMFG
Nobuo Kuroyanagi, MUFG

Q: What are the key lessons your bank has learnt from the present financial market turbulence?

VP, Citi There are many lessons we and many others have learnt. Some of these are that an organization must stay focused on basic risk principles such as managing concentrations, thoughtful stress testing, a high-quality and empowered risk organization, and senior management involvement.