Saturday, October 29, 2011
The big word used by Basel is SIFI ---- Systemically Important Financial Institutions.
But try, say applying it to the Sg context, and U would get a sense of the difficulties involved.
In Sg, try telling that to the Big 3, DBS, UOB and OCBC.
Will they agree to down size ?
Would it makes sense to have more banks, say breakup UOB back into UOB & OUB; breakup DBS into DBS & POSB and grant a bank license to HLF?