Indonesia has bolstered its credentials as an emerging market leader – at some potential cost. The country took a surprising step to shore up its faltering currency by raising interest rates, and foreshadowed the tough choices confronting Asian economies in coming weeks.
To hear it from bulls, the newborn year already belongs to central banks. Reviled not long ago for letting prices surge, Federal Reserve (Fed) chair Jerome Powell and his peers have been anointed by traders as saviors of the world.
In the banking industry, profitability and operational efficiency are crucial for sustained success, and a key aspect of banking operations that significantly impacts profitability is cost of funds.
US bank supervisors are increasing scrutiny of lenders’ risk management practices and taking disciplinary action as they try to fix problems that could lead to more bank failures, banking industry sources say.
Bank Negara will engage with banks in the coming months regarding the first batch of submissions of their recovery plans, deputy governor Datuk Jessica Chew Cheng Lian says.