By Kroner Niels
'Svenska Handelsbanken' takes a clean examine the monetary hindrance. It units out to respond to particularly what the error have been that banks made and the way this is able to were refrained from. what's distinct approximately this publication is an in depth description of a big financial institution that operates very otherwise from its friends and that has, for that reason, prompt good away from parts that experience introduced many different banks into difficulty. this gives a few insights into how a extra resilient, post-credit crunch banking method should still seem like.
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Additional resources for A Blueprint for Better Banking: Svenska Handelsbanken and a proven model for post-crash banking
For instance, even during the Swedish banking crisis and real estate crash, which we will discuss further in the chapter on Handelsbanken’s history, profits and asset quality in household mortgages did not change much. 12 See Taylor (2009), pp. 31-44, and Haldane (2009) for some empirical evidence that recent years were unusually benign. 35 A Blueprint for Better Banking 1. Asset/Liability Mismatches Since banks’ assets and liabilities are a multiple (often twenty or thirty times) of shareholders’ equity, it is important that assets and liabilities react in the same way to changes in the environment, as any divergence has the potential to reduce equity significantly.
Or large portfolios of international real estate? A Swedish bank hold mortgages on Lehman property? The fourth deadly sin is so obvious that it does not need further elaboration. When banks own assets that have absolutely nothing to do with their real business, simply because they seem low risk and yield a juicy return, more often than not it ends in tears. Perhaps it all sounds so attractive simply because it is not your expertise. Why else would the previous owner want to sell them? Nevertheless, banks’ balance sheets in the US and in Europe have shifted markedly in this direction.
5 Which is a role eagerly accepted by bankers. ’ (London Stock Exchange, September 14th, 2007). 21 2 Bank-Specific Explanations P lenty of bank-specific explanations have been brought forth that avoid the difficulties of general explanations. They capture mistakes within banks that an inside observer would recognise. As they address specifically what went wrong in these institutions they lead quite easily to recommendations on how banking should be different in the future. The main problem for all specific explanations is that they apply only to a subset of institutions that have run into trouble.
A Blueprint for Better Banking: Svenska Handelsbanken and a proven model for post-crash banking by Kroner Niels