Latest articles from Comment

Another success for the corporate healer

June 2, 2004

Intesa managing director and CEO Corrado Passera tells Karina Robinson how he plans to keep the bank on an upward path after turning it around.

Finding business opportunity, whatever the setting

June 2, 2004

The Middle East is not wholly comprised of Iraq. While geographically obvious, the economic consequences of this fact can be easily missed. Bahrain and Qatar, two Gulf states that might have been overwhelmed by the Iraq crisis, are in fact booming. Editor-in-chief Stephen Timewell visited both countries in May and filed reports headlined: “Bahrain’s roaring success” and “Qatar builds the dream”.

Does Iraq herald America’s last stand?

June 2, 2004

While the US gets further embroiled in Iraq, economies such as China and Brazil are starting to assert themselves.

The Gulf’s economic renaissance

June 2, 2004

Many of the Gulf states are experiencing an economic boom, which cannot be solely attributed to high oil prices.

Basel II agreement – the final cut?

June 2, 2004

Despite pronouncements of consensus, US regulators may yet reject Basel II causing the US to take unilateral action thereby creating problems for banks elsewhere.

Possible foreign bank headache for EU entrants

June 2, 2004

Extensive foreign control of bank assets in nearly all the new member states highlights the importance of information sharing.

Who shall guard the guardians?

June 2, 2004

The SIA’s Richard Thornburgh explains why clarity and clear regulatory regimes are good for business.

Korean finance back on agenda after impeachment resolution

June 2, 2004

With the uncertainty surrounding the two-month long impeachment process of President Roh Moo Hyun now finally resolved, and the president firmly back in the saddle, South Korea is keen to push ahead with more financial reform and, in particular, focus on asset management.

BoC sets 5% target for bad loan ratio

June 2, 2004

Bank of China (BoC), the largest of China’s big four state-owned banks, has announced that its non-performing loans ratio will be down to around 5% by the end of 2004 as it plans to bring in a strategic investor later this year in preparation for its IPO. This significant reform of the bank’s ownership structure reflects the Chinese authorities’ determination to reform the big four banks which account for 55% of China’s bank assets.

Germany’s VDH takes control of European covered bonds dispute

June 2, 2004

German mortgage banks are campaigning to develop a common legal definition and standard for covered bonds. The dispute was sparked last year by three UK banks issuing covered bonds which do not legally qualify as this asset class.

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