In their lending decisions, executives used a hybrid approach that combines hard-nosed cultural analysis with microlending techniques.
Paulson said investment banks borrowing from the Fed should give regulators enough information to allow sound lending decisions.
They felt that banks got into trouble because the penalties for bad lending decisions had not been severe enough.
The bank said the poor results were due to the global crisis and it regretted some of the lending decisions made.
It could also develop a professional and uniform approach to valuing and disposing of bad assets while leaving new lending decisions to the good banks.
James Wolfensohn, the World Bank president, calls corruption a cancer, says it will be a factor in lending decisions and has made combating it a priority.
For example, in relation to the state owned banks, their ability to make lending decisions on purely commercial and economic grounds as against political considerations is a real question.
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Connected lending, for instance, is not so much a consequence of state ownership as its very purpose: the whole idea is to make lending decisions on the basis of non-economic tests.
NCB's largest shareholder influencing lending decisions is also alarming.
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In order to buy time for these changes to be undertaken by the USSR and to provide an analytical basis on which to make informed lending decisions when and if they were made the IMF and its partner organizations obtained a full six months to accomplish the mandate set forth by the Houston summiteers.
And, because many of the investment-trust companies are bound by cross-shareholdings to the chaebol, their lending and investment decisions are suspect.
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The IBAT tool helps enable commercial banks and other financial services institutions assess risks and make more informed lending and investment decisions.
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That only reinforces the banks' unhealthy ties to the government and hampers their ability to make independent commercial decisions on lending.
The coming weeks, leading to the second Greek election, will see the interplay of opinion polls, depositor behaviour and the European Central Bank's bi-weekly decisions on the Bank of Greece's lending capacity.
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