The recent management reshuffle at business software maker SAP led to the departure of the chief executive Leo Apotheker. His replacement as one of two co-CEOs, former head of product development, Jim Hagemann Snabe, gave his view of the post-crisis world in an interview with The Banker's editor Brian Caplen at Davos just before the announcement of his promotion.
An internationally agreed upon bankruptcy code, a global regulatory framework that allows banks to grow, less reliance on technology and a stronger focus on risk management are the key actions that must be taken in light of the past two years. Interview by Silvia Pavoni.
Ian Hurst, general manager for the global financial services sector, IBMTechnology can only go so far in helping to explain and predict global systemic risk. However, financial services firms must still be able to adapt to the changing environment and their customers' demands.
Paul Volcker, former chairman of the US Federal Reserve and chairman the US's economic recovery advisory boardThe order in which the world will emerge, post-recession, may still be unclear, writes Paul Volker, but a long slog can be expected. However, when the dust settles, there will still be few competitors to challenge the US dollar as the world's predominant currency.
Nanno Kleiterp, CEO and Chairman of the Management Board, FMO (Netherlands Development Finance Company)Development finance institutions can help companies in emerging markets overcome the short-term crisis created by global banking groups' lack of credit, but local banks must pick up the gauntlet in the long term.