Bank Indonesia can't hide mismanagement

Article Abstract:

In November 2000, a report by the Supreme Audit Board (BPK) of Indonesia audited Bank Indonesia, finding substantial mismanagement and abuse of authority. Indonesian President Abdurrahman Wahid has proposed the removal of Bank Indonesia board members responsible for the mismanagment, but the International Monetary Fund is opposed to government intervention in the country's central bank. Finance Minister of Indonesia Rizal Ramli sees the need to purge Bank Indonesia's board members before bailing out the bank.

Legal issues & crime, Indonesia, Banking Regulation NEC, International Monetary Fund, Column, Beliefs, opinions and attitudes, Wahid, Abdurrahman, Bank Indonesia, Ramli, Rizal, Indonesia. Ministry of Finance

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Hong Kong banks welcome latest, and probably last, step to free rates

Article Abstract:

Hong Kong banks supported the government's proposal to remove the ceiling on interest rates on time deposits fixed for seven days or more. However, the government said the deregulation on deposits will be effective only from the time of its implementation to the period ending when the country reverts to Chinese rule on July 1, 1997. The banks believe that deregulation will promote competition in interest rates among members of the industry and boost their profits.

Deposit Interest Regulation, Interest rates, Hong Kong, Deregulation

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As worries batter banks, some see opportunity to buy

Article Abstract:

Malaysian bank stocks have been hurt by fears that a proposal to tighten bank declarations involving potentially nonperforming loans, but financial analysts believe that these worries may be overrated. The informal proposal to declare any rules three months overdue to be nonperforming was made by Bank Negara Malaysia in Jun 1997 and quickly stoked fears that it could lead to cash reserve problems.

Loans Regulation, Economic aspects, Economic policy, Malaysia, Loans, Bank Negara Malaysia

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