Furthermore, the scope of opportunities for value creation via the interaction between finance and strategy is broader in an international context.

FORBES: Why Finance Professionals Need International Business Strategy

While the creation of a dialogue between finance and strategy is important in a single-country context, it is critical internationally.

FORBES: Why Finance Professionals Need International Business Strategy

In this context, taking on debt to finance operating losses is not a viable option.

FORBES: Chinese Company Offers To Acquire A Leading U.S. Battery Maker

"We will be seeking talks between the Irish PM, the assembly and the UK finance minister and the British prime minister to review this in the context of the need to have a good retail structure like Ulster Bank remain, particularly in Northern Ireland, " he added.

BBC: Ulster Bank says 950 jobs to go on island of Ireland

"I think the context in which Davos takes place, especially with so many leading people from the business and finance world, it is bound to be dominated by the situation in the world economy, " he told a press conference.

CNN: Recession fears stalk Davos meeting