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Concerns about uncertainties in the macro-economic environment, regulation and criminality rank high on the risk agenda of South Africa’s banking executives and industry observers, according to the recent Banking Banana Skins survey.
A survey released by EY today indicates that banking confidence fell in the fourth quarter of 2015, with retail banking confidence, particularly pressured, and reaching half the levels of investment banking. Investment banking confidence remains somewhat stronger, despite falling 12 index points.
It is anticipated that the current South African taxation legislation that governs the specific elements around Murabaha and Sukuk will be extended to cover listed companies, effective January, 2016.
The role of custodians is advancing beyond traditional functions of safeguarding assets and settling trades, to the full administration of pension fund investments.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?