1. Reprobation

2. Revolutions

3. Reproduction

4. Resolution

5. Remediation

Evolutions
Managers
SHAREHOLDERS
Evolutions for
employers:
/return
/liquidity
manage their own
assets and savings
DEPOSITORS
COMPANIES
savings of the middle class
Risk
pension funds,
insurance companies,
banks or
investment funds
Invest
pass the expectations
justify their actions
justify their actions