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Author:Ford, M.
Title:Financial supermarkets pile it high
Journal:Euromoney
1997 : FEB, 2, p. 88-91
Index terms:FINANCIAL INSTITUTIONS
BANKING
COMPETITION
MALAYSIA
Language:eng
Abstract:Malaysia's central bank is a major force behind banking consolidation. Though cautious about repeating past mistakes it is taking measures to ensure that Malaysian institutions can compete regionally and fend off foreign competition at home. The country's bankers have not been backward in acting on the pressure from above. The buzz words are global competition and regional expansion. There is also an emphasis on prudent management, capital adequacy and gasping the concept of risk. Malaysian Banking (Maybank) is the only existing institution already sufficiently large, multifunctional and well equipped to expand regionally.
SCIMA record nr: 164280
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