Description: Scotiabank CEO Rick Waugh says banks need to take a certain amount of risk to stimulate growth. He asserts that Canadian banks have managed risk well.
Source: Business News Network
Date: September 18 2012
Video and Text Link: http://www.bnn.ca/News/2012/9/18/Risk-necessary-in-era-of-slow-growth-Scotia-CEO.aspx
Questions for Discussion:
- Do you agree with Rick Waugh that banks should take risk to stimulate growth?
- Is it advisable to take greater risk when the economy is highly volatile and uncertain?
- Should the government overlook the kind of risk that major banks undertake to avoid another crisis?
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