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Rather than render traditional banking redundant, Gulamhuseinwala adds that the majority of fintechs are actually piggy backing existing infrastructure and complementing it.
Social enterprises and mutuals are seen by the government as another way of bringing diversity into the provision of public services: ministers are encouraging public sector staff to form mutuals or become social enterprises, as well as backing existing private and third sector organisations to take on more work.
But because of changes forced on Germany by the European Union, after 2005 any debt that the public banks issue will not have state backing; existing debt will lose its guarantee in 2015.
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Thoma Bravo, he said, tends to back existing management teams, providing them with resources and holding them to different performance targets.
Stern disclosed that the league had also dropped its demand to roll back existing player salaries.
It would roll back existing contracts "in proportion to system changes".
They recommend paring back existing holdings, or switching from investments in raw materials to the stocks of some commodity producers.
In addition, the N.B.A. would roll back existing contracts "in proportion to system changes in order to ensure sufficient market for free agents".
Attorneys general in a half-dozen other states, including New York's Eliot Spitzer, have chosen to sue on grounds that federal law prevents government from rolling back existing standards.
Bond investors will also be waiting for a signal from a new Bush administration over its approach to buying back existing Treasury securities.
When the tribe started buying back existing wells and leases, few lenders would shake Mr. Zahradnik's hand, much less extend their wallets.
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