forum komunitas sahabat yahoo
 
HomePortalCalendarFAQSearchRegisterMemberlistUsergroupsLog in
backlink backlink backlink

Share | 
 

 Is there a need for banking sector reforms?

View previous topic View next topic Go down 
AuthorMessage
samlin



Male
Number of posts : 1
Age : 34
Localisation : canada
Registration date : 2009-11-14

PostSubject: Is there a need for banking sector reforms?   Sat Nov 14, 2009 12:47 am

A
sound financial system is the fundamental ingredient for a healthy vibrant
economy. A free and efficient system is
conductive to economic growth and its role is to mobilize savings for faster
development of the different sectors of the economy. The financial system includes various
constituents such as


• Financial institutions


• Banking systems


• Non banking financial institutions


• Mutual funds


• Capital markets


• Insurance sector


• Provident funds





The
treasury secretary has “hinted at a greater coordination between various
regulators and operators for more transparency and accountability.” However, by the beginning of the year 1990,
the social banking goals set for the banking industry made most of the
government controlled banks, unprofitable.






The
real issue was that a majority of the banks were in public sector on the
presumption that there was no need to look at the fundamental financial
strengths of these banks. Consequently,
their strengths were not capitalized and their resources went
underutilized. The need for
restructuring the banking industry was felt more with the institution of the
banking sector reforms process in the early 1990s. However, these reforms have enhanced the
opportunities in this sector helping them to make their presence felt in the
global market place.





Firms
like LoanMax of rod aycox fame is part of
the developments in the private sector.
Its board consists of a group of experienced professionals. This bank has overcome many a hurdle and was
on the growth path since a couple of years before the present recession. Even the present recession has failed to make
a dent in its operations.
Back to top Go down
View user profile http://www.rasa.com
 
Is there a need for banking sector reforms?
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Cash Only: Why the Messy Banking Sector Endangers Iraqi Development
» Economist: the development of the banking system will contribute to the promotion of investments
» Samir Abbas Alnasiri *: Display Book Iraqi banking sector - challenges and strategic reforms
» Invitation to the introduction of modern technology in banks
» World Bank calls on Iraq to redouble their efforts for the development of the banking sector and attract foreign investment

Permissions in this forum:You cannot reply to topics in this forum
forum yahoo internasional :: busines & finance :: bisnis & ekonomi-
Jump to: