I was amused to hear the comment this week that bankers aren’t paranoid
The comment was made in the context that bankers do not believe things change
very fast, so why should they be concerned about change?
The markets move in their own time, infrastructure is hard to change,
long-term investments are just that: for the long term. This is why we do not
talk about dynamic bankers, and why banks are risk-averse.
The not-so-paranoid banker has the belief that, because things do not change
fast in banking, banks do not need to change fast.
So, things don’t change very fast in banking ay?
What about ten years ago?