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Basel II must result in fair play

June 6, 2005

Regulations such as Basel II improve risk management and transparency but they must be well designed and consistent, says ING vice-chairman and CFO Cees Maas.

Islamic investment bank’s share offering nets £100m

June 6, 2005

The rise of Islamic banking has taken another important step forward with the recent successful £100m share offering by European Islamic Investment Bank (EIIB). Initially aiming to raise £50m the offering was oversubscribed and increased to £100m.

Greek banks turn attention to Turkish market

June 6, 2005

Greek hesitancy to invest in Turkey’s financial sector is set to change, according to senior Greek and Turkish bankers who attended an inaugural joint meeting in Athens in May under the umbrella of the Washington-based Institute of International Finance, the global association of financial institutions.

Stampede for Turkey as EU membership beckons

June 6, 2005

KoÇ Financial Services, a 50-50 joint venture between Koç Holding of Turkey and UniCredito of Italy, has acquired 57.4% of Yapi ve Kredi Bankasi for €1.160bn. The deal, May 9, comes as foreign banks rush headlong to acquire Turkish banking assets ahead of membership talks between Ankara and the EU in October.

£3bn ABSA deal to boost Barclays’ African profile

June 6, 2005

The UK’s Barclays is investing close to £3bn in South Africa to get control of that country’s biggest retail bank, Absa – the biggest foreign purchase ever by the British group. The deal has been approved by regulators and has the support of sufficient shareholders to be successful, after almost a year of behind-the-scenes talks.

Partnerships are key to Africa’s recovery

June 6, 2005

The New Partnership for Africa’s Development is a fine blueprint for progress and needs support from everyone, says Baroness Lynda Chalker.

Afghanistan has come too far to be abandoned

June 6, 2005

While much has improved since 2001, the government still needs foreign assistance to maintain security amid bombings and riots.

Basel II impact study threatens to derail accord start date in the US

June 6, 2005

Implementation may be delayed again as the Americans say the changes in minimum required capital are too wide-ranging.

IT vendors face stiff competition from financial services houses

June 6, 2005

The Banker Technology Awards show that the number of banks producing their own technology is on the rise.

Bank of Italy topples off its puppet-master’s pedestal

June 6, 2005

Takeover struggles for two Italian banks have laid bare the Bank of Italy’s powerful tinkering in the banking system as the country’s watchdog and the EU pull their mightier legal rank.

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