Latest articles from Comment

A big achievement, a greater challenge

April 5, 2004

As South Africa celebrates 10 years of democracy, Roelf Meyer looks back at the progress made since apartheid was ended and forward to the challenges ahead.

Over-egging the pudding: the folly of excessive IT investment

March 3, 2004

Are banks’ IT systems providing value or are they effectively brain dead? This month our technology editor, Parveen Bansal, considers how little banks get back from their huge investment in IT and what can be done to improve it. Financial sector reform is also high on the agenda of Asian Development Bank president Tadao Chino who insists it is key to sustaining high growth across the region. And in Malaysia, Maybank’s chief executive, Amirsham Aziz, discusses corruption, Havana nightclubs and the upcoming elections.

Barclays Bank latest to jump on outsourcing money-go-round

March 3, 2004

Outsourcing between banks is the latest development in a trend that politics is unlikely to arrest.

Saudi’s new laws set to send

March 3, 2004

Imminent changes in capital markets and insurance legislation will give the kingdom’s banks the chance to expand their capabilities.

Showing some self-control

March 3, 2004

Europe and the US banking systems may have money to spare – but banks appear to have learned not to merge just for the sake of size.

Lack of bancassurance regulation is an oversight

March 3, 2004

Concerns remain that double-counting of assets is a disaster waiting to happen.

China and India: the new powerhouses

March 3, 2004

Mervyn Davies, group chief executive of Standard Chartered, shares his vision of Asia with The Banker.

Foreigners gear up for Malaysian liberalisation

March 3, 2004

Foreign banks are already checking out local acquisitions in the run up to the full liberalisation of the Malaysian banking market in 2007. Bank Negara, the central bank of Malaysia, will then allow foreign banks to buy local ones, although in the next few years it will gradually allow some foreign banks to open more branches and have off-site ATMs.

Strong Banorte fuels outside interest

March 3, 2004

Banorte is now the bank to watch in Mexico. It is the only 100% Mexican-owned institution left in a market that is receiving a strong vote of confidence from outsiders, most recently shown by Spain’s BBVA offering $4.1bn for the 40% of Bancomer it does not already own.

Europe debates supervision for rating agencies

March 3, 2004

The European Banking Federation (FBE) is working with the European Commission to assess whether any EU legislation is required for the rating agencies industry.

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