Branch Managers in Private Banks
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Activity:
108 views;
last activity : 10 26 2011 02:46:49 +0000
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GOOD CORPORATE GOVERNANCE
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Pure Banking and nothing else
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mark alday ramirez
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MODEL
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Risk Management as per Basel II framework would be the next hot topic for both banking and IT proffessionals.
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Nothing dramatic - Risk Management is the key
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More Regulation
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Traditional Business
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Acquiring Smaller Banks
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Risk Mangement Practices
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Good corporate governance is key not only to the integrity of corporations, financial institutions and markets it is also central to the health and stability of our economies. Further, an OECDstudy released this year entitled “Corporate Governance Lessons from the Financial Crisis”concluded that to an important extent, the current financial crisis can be attributed to failures and weaknesses in corporate governance arrangements.The choice of governance as the central theme for your convention is therefore timely as it is compelling. I take this as a message of the deep commitment of banks to good governance principles, strong capital buildup, and better liquidity and risk management . we are also seeing that economies that had the political will to pursue much-needed reforms and built up buffers are more likely to fare better than others. Our resiliency springs from the continuous implementation of reforms calibrated to strengthen our banks, our financial system and our economy. |
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India has indeed showcased a tremendous model to good corporate governance, which can be attributed to be one of the main reasons for its resilience towards the global meltdown. Doubts apart, strategical decision making, foresight and analysis of a well streamlined course of steps ( Satyam) has been another example worth mentioning. In addition to the Keynesian theory of consumption, apt corporate governance, risk management norms and crisis management groups to be set as precautionary measures towards a better Banking sector comeback.
good corporate governence become the key & one of the lesson for most of the developed economies , it is actually enable the government to regulate & control the economy in an efficient manner.
Risk Management as per Basel II framework would be the next hot topic for both banking and IT proffessionals.
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Risk Management as per Basel II framework would be the next hot topic for both banking and IT proffessionals.
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After the global experiences, risk management shall be the key issue for Banks in India. The global crisis might have impacted some credit portfolio of Banks in recent times. NPAs are to be contained - some are kept 'hidden' so far. As 'credit' is always associated with risk, the management of risk is a key issue now, if not earlier. |
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Increased regulation that will add costs and additional governmental bureaucray will be introduced into the Banking system. Whether this works for the good of the public remains to be seen. |
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The big banks were much more than regular banks. Apart from their traditional business of raising deposits and lending to individuals and businesses, most banks expanded into a whole range of new businesses over the last few decades. They set up separate divisions or subsidiaries to handle fund management, advisory services for corporate and wealthy individuals and even broking services, Suddenly financial crisis disturbed them, After all these development i think they are back to pavilion same traditional business will be better for them.....
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I think recently big banks are acquiring the smaller ones and growing even bigger, this is also a dramatic changes we are seeing after crisis
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I could say that regulators must ask for better risk management practices for larger banks, such practices for all big banks and can even think of nominating their own independent representatives to the risk management committees. The banking industry should not repeat the same mistakes all over again and it is the job of regulators to ensure that they don't. i think this practice can help out banks... |
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I don't think selling products over the phone is a good decision. It will destroy the financial privacy of the customer. Also, he may not know each and everything on phone. The best decision can be done by practically facing the product or getting... |
Micro finance institutions will not be allowed to accept public deposits as it puts public money at risk. If one has to do so all aspects, including legal, policy matters and interest of shareholders should be taken into account also they should... |
It is obvious that the banking industry will see the most dramatic changes after this financial crisis. So, how will they change after this crisis? |
