Outsourcing between banks is the latest development in a trend that politics is unlikely to arrest.
Latest articles from Analysis & Opinion
Saudi’s new laws set to send
March 3, 2004Imminent 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, 2004Europe 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, 2004Concerns remain that double-counting of assets is a disaster waiting to happen.
China and India: the new powerhouses
March 3, 2004Mervyn Davies, group chief executive of Standard Chartered, shares his vision of Asia with The Banker.
Foreigners gear up for Malaysian liberalisation
March 3, 2004Foreign 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, 2004Banorte 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, 2004The European Banking Federation (FBE) is working with the European Commission to assess whether any EU legislation is required for the rating agencies industry.
Three international banks gain Iraqi licences
March 3, 2004The central bank of Iraq (CBI) announced in early February that three foreign banks, HSBC Holdings, National Bank of Kuwait and Standard Chartered Bank, had been selected to proceed to the final stage of the foreign bank licensing process.
Romania’s $200m syndicated loan gets enthusiastic welcome
March 3, 2004Austria’s leading banks have arranged a successful $200m syndicated loan for Romania’s largest bank, Banca Comerciala Romana (BCR).