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The need for trust within the banking sector has, in recent years, never been more important than it is today.
Rashaad Tayob, multi-counsel Portfolio Manager of the Nedgroup Investments Stable Fund and a member of the Foord investment team, says regardless of the noise in the media following the banking collapses, the subordinated debt written down by the banks has fulfilled the role that it was intended to and is within regulatory allowances.
Standard Bank is South Africa’s third most valuable brand, making it the country’s most valuable banking brand for the second consecutive year.
The strongest deterrent against FSP compliance missteps is or should be: