Malaysia's government has sought to play down concerns that opening up the country's finance industry to greater foreign participation will squeeze local lenders, with senior ministers instead talking up the benefits of a more competitive banking environment and greater opportunities on offer in an expanding economy.
Displaying 4333 - 4338 of 4356
Brunei Darussalam is getting a new monetary authority, a move that will cheer both the business and banking communities, which have long awaited such a development.
Economic update | BULGARIA: Consolidated banking
2 Aug 2010
Though Bulgaria’s economy is likely to remain in the slow lane for the rest of this year, the country’s banking sector continues to show resilience in the face of global economic contraction. There are concerns, however, that increasing levels of bad loans carried by some lenders could add to pressures on the sector.
Economic update | Reinforcing Insurance
22 Jul 2010
The Bahamas insurance sector is being given a major overhaul, with the passing of three key pieces of legislation to establish a new monitoring body that ensures both local and offshore practices meet international standards.
Economic update | Pressure is On
22 Jul 2010
Recent plans announced by the US to crack down on its citizens making use of tax havens have raised concerns over the long-term viability of offshore financial services. This in addition to the Organisation for Economic Cooperation and Development (OECD) including the Bahamas on its list of countries that were not as yet in full compliance with the body's standards on fiscal transparency. However, a careful look at Washington's proposals and at measures being taken by the government should allay at least some of these concerns, with the possibility that the situation could even be turned to the Bahamas' benefit.
Economic update | Insuring the Future
22 Jul 2010
Though the Bahamas is well established as one of the region's leading offshore financial centres and has an active domestic financial services industry, the insurance sector has lagged behind somewhat, a situation that may soon change.