GOVERNMENT OF IRAQ ADVISORY

November 20, 2006 at 2:56 pm | Posted in Arabs, Globalization, History, Middle East, Military | Leave a comment

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Media Advisory: Iraqi Government Joint Press Conference

Media
Advisory
: Iraqi Government Joint Press Conference

Press Desk cpicpressdesk@iraq.centcom.mil

Monday, November 20, 2006

REPUBLIC OF IRAQ

Spokesman for

Iraqi Government


Monday, Nov. 20th,
2006

A spokesman for the Iraqi government, Dr. Ali al-Dabbagh will hold a
joint press conference with Minister of Defense, Minster of Interior, and Minster of
Higher Education and Scientific Research at 12:00 p.m., on Monday, 20/11/2006 at
Convention Center / Hall No.(1).

Media Advisory: Iraqi Government Joint Press
Conference

Press Desk cpicpressdesk@iraq.centcom.mil

Monday, November 20, 2006

 

 

 

 

 

 

 

ASIAN BANKER INTERACTIVE

November 20, 2006 at 5:06 am | Posted in Asia, Economics, Financial, Globalization, History, India, Research, Science & Technology | Leave a comment

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Asian Banker Interactive

Asian Banker Perspectives,

November 20, 2006

http://www.asianbankerforums.com/summit2007/

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www.theasianbanker.com

announcementsannouncements

“We have invested time and commitment, but it is part of our responsibility to
recognise when further effort doesn’t make sense.”

Reto Francioni, chief executive, Deutsche Börse reportedly commenting on the
company’s decision to abandon its bid to merge with Euronext.

Account Update

Our fortnightly collection of banking news, listed by country Regional/International

Australia

China

Hong Kong

Indochina

Indonesia

Japan

Korea

Malaysia

Middle East

Philippines

Singapore

South Asia

Taiwan

Thailand

The following are notes from our Monday morning meeting.

Regulators in the U.S. are reportedly looking to merge oversight of the securities
market and banking. Meanwhile in Europe, seven investment banks are challenging the
exchanges by setting up their own for pan-European securities in 2008, as the EU’s Markets
in Financial Instruments Directive permits new trading platforms. A lot is happening in
this space.

Mobile phone banking will finally arrive in the U.S. through an initiative by Cingular
Wireless. The rest of the world with much more developed initiatives will have to listen
as the Americans talk as if they invented it. Meanwhile, in Brazil a few banks are testing
mobile ATM banking terminals on buses.

Japan’s Aozora Bank’s ¥351 billion ($3 billion) initial public offering fell 12
percent on its market debut, in stark contrast to the recent huge Chinese offerings.

The Korean regulator’s plans to tighten criteria for mortgage loans will hit a key
revenue source for banks; mortgages comprise about a third of their portfolios. SME
lending may be the next big thing, but it looks like it’s going to be a long, harsh
winter for Korean banks.

Several important Chinese developments: firstly, the China Banking Regulatory
Commission has issued local incorporation guidelines in line with WTO liberalisation
plans. Secondly, China’s third minimum deposit reserve ratio hike for the year on 15
November, to nine percent from 8.5 percent, will vacuum another $20 billion from the
over-liquid banking system. Thirdly, Citigroup and IBM’s Guangdong Development Bank
acquisition is Citi’s second attempt in running a bank as if they own it. Not possible.

Taiwanese banks may finally be able to set up branches in
mainland China as early as 2007, pending a proposal to remove financial services from a
list of industries banned from investing in China. Banking groups that have well-developed
plans for China, namely Cathay Financial and Fubon Financial, will steal a march on
pessimists such as Chinatrust Financial.

According to Vo Trong Thuy, chief financial officer at Vietnam’s Asia Commercial Bank,
the “whole banking industry got scared” when ABN AMRO Vietnam was sued for
allegedly causing a state-owned bank $5.4 million losses in several speculative currency
deals. He thinks that ABN AMRO is not an exceptional case: “To be fair, they were
unlucky.”

Five of Indonesia’s smaller banks are reportedly in merger talks as suggested by Bank
Indonesia. But there are 41 other banks waiting for investors to raise their capital to
meet central bank requirements under its banking architecture programme.

The post-Thaksin era in Thailand is marked in financial services by a flurry of
activity, much if it coming from the highly respected former governor of the Bank of
Thailand, Pridiyathorn Devakula, who is now Minister of Finance. He is moving to make the
central bank and the Securities and Exchange Commission more independent, and may speed
the creation of a Thai Financial Supervisory Service.

V. Vaidyanathan, the managing director responsible for the tremendous success of
India’s ICICI Bank in retail banking, has been appointed to the board of the bank at a
tender age of 38 years. He joined from Citibank in 2000.

Anxiety is reportedly already building over Australia’s ANZ Bank CEO John
McFarlane’s contract, which expires in September 2007, and the bank’s lack of
foresight in grooming a successor.

Research Notes by Subject

• CEO Interviews • Regional Surveys • Technology

• Country Reports • Regulators • Wealth Management

• Financial Institutions • Retail Banking • More topics…

• Payments • Risk Management

Selected News/Press Releases:

• BNP Paribas Group records revenues of €6.8 billion for 3Q06

• China: Fitch views acquisition of GDB as credit
positive

Moody’s says full opening-up of China’s banking
sector creates ‘win-win’ result

• Shinsei Bank reports first half fiscal year 2006 results

Asian Banker Perspectives, November 20, 2006

Asian Banker Interactive The_Asian_Banker@xmr3.com

Sunday, November 19, 2006


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