Filed Under (Financial News) by Webmaster on 06-10-2011
Global Finance magazine has named the heads of the Central Banks of six countries as the World’s Best Central Bankers over the past year.
The “Central Banker Report Card” feature, published annually by Global Finance since 1994, grades Central Bank Governors of 36 key countries (and the ECB) on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (“A” represents an excellent performance down through “F” for outright failure.)
Subjective criteria also apply. Global Finance Publisher Joseph Giarraputo says: “During one of the toughest years on record, the World’s Central Bankers were tested as never before. Every year, we assess the determination of Central Bankers to stand up to political interference, and their efforts at influencing their governments on such issues as spending and economic openness to foreign investment and financial services. “
Those scoring in the “A” category in the report published in the October issue of Global Finance are:
| Australia |
Glenn Stevens |
A |
| Israel |
Stanley Fischer |
A |
| Lebanon |
Riad Salameh |
A |
| Malaysia |
Zeti Akhtar Aziz |
A |
| Philippines |
Amando Tetangco Jr. |
A |
| Taiwan |
Fai-Nan Perng |
A |
CENTRAL BANKER REPORT CARDS 2011
| Country |
Central Bank Governors |
Grade 2011 |
Grade 2010 |
| Argentina |
Mercedes Marcó del Pont |
D |
D |
| Brazil |
Alexandre Tombini |
B+ |
* |
| Canada |
Mark Carney |
B |
B+ |
| Chile |
José De Gregorio |
B+ |
B |
| Mexico |
Agustin Carstens |
B |
B |
| United States |
Ben Bernanke |
C |
C |
| THE AMERICAS |
| Country |
Central Bank Governors |
Grade 2011 |
Grade 2010 |
| Czech Republic |
Miroslav Singer |
B |
Too early to say |
| European Union |
Jean-Claude Trichet |
B- |
A |
| Hungary |
András Simor |
C |
C |
| Norway |
Øystein Olsen |
Too early to say |
* |
| Poland |
Marek Belka |
B |
Too early to say |
| Russia |
Sergei Ignatiev |
B |
B |
| Sweden |
Stefan Ingves |
B+ |
B |
| Switzerland |
Philipp Hildebrand |
B- |
B- |
| Turkey |
Erdem Basci |
Too early to say |
* |
| United Kingdom |
Mervyn King |
B |
B |
| EUROPE |
| Country |
Central Bank Governors |
Grade 2011 |
Grade 2010 |
| Australia |
Glenn Stevens |
A |
A |
| China |
Zhou Xiaochuan |
B |
C |
| India |
Duvvuri Subbarao |
B- |
C |
| Indonesia |
Darmin Nasution |
B |
D |
| Japan |
Masaaki Shirakawa |
C |
C |
| Malaysia |
Zeti Akhtar Aziz |
A |
A |
| New Zealand |
Alan Bollard |
B |
B |
| Philippines |
Amando Tetangco Jr. |
A |
B |
| Singapore |
Ravi Menon |
B |
* |
| South Korea |
Kim Choongsoo |
C |
Too early to say |
| Taiwan |
Fai-Nan Perng |
A |
A |
| Thailand |
Prasarn Trairatvorakul |
B+ |
* |
| ASIA |
| Country |
Central Bank Governors |
Grade 2011 |
Grade 2010 |
| Angola |
José de Lima Massano |
B |
N/A** |
| Bahrain |
Rasheed Mohammed Al Maraj |
B- |
N/A** |
| Israel |
Stanley Fischer |
A |
A |
| Kuwait |
Sheikh Salem AbdulAziz Al-Sabah |
B |
N/A** |
| Lebanon |
Riad Salameh |
A |
N/A** |
| Nigeria |
Sanusi Lamido Sanusi |
B+ |
N/A** |
| Qatar |
Abdullah Saud Al-Thani |
C- |
N/A** |
| Saudi Arabia |
Muhammad Al-Jasser |
B+ |
B |
| South Africa |
Gill Marcus |
B |
B |
| AFRICA & THE MIDDLE EAST |
*A governor for the designated country was rated; however, there was a different governor in 2010.
**A governor for the designated country was not rated in previous years; this is the first annual rating.
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Filed Under (Financial News) by Webmaster on 06-10-2011
Global Finance Magazine posted a list of the top 50 banks in the world. Its reproduce below :
| Rank |
Bank |
Country |
Total Assets ($m) |
Statement Date |
| 1 |
BNP Paribas |
France |
2,669,906 |
12/31/10 |
| 2 |
Deutsche Bank |
Germany |
2,546,272 |
12/31/10 |
| 3 |
HSBC Holdings |
United Kingdom |
2,454,689 |
12/31/10 |
| 4 |
Barclays |
United Kingdom |
2,331,943 |
12/31/10 |
| 5 |
The Royal Bank of Scotland Group |
United Kingdom |
2,275,479 |
12/31/10 |
| 6 |
Bank of America |
United States |
2,268,347 |
12/31/10 |
| 7 |
Crédit Agricole |
France |
2,129,248 |
12/31/10 |
| 8 |
JPMorgan Chase |
United States |
2,117,605 |
12/31/10 |
| 9 |
Industrial & Commercial Bank of China (ICBC) |
China |
2,032,131 |
12/31/10 |
| 10 |
Citigroup |
United States |
1,913,902 |
12/31/10 |
| 11 |
Mizuho Financial Group |
Japan |
1,890,220 |
03/31/11 |
| 12 |
Bank of Tokyo-Mitsubishi UFJ |
Japan |
1,687,313 |
03/31/10 |
| 13 |
ING Group |
Netherlands |
1,666,368 |
12/31/10 |
| 14 |
China Construction Bank |
China |
1,632,261 |
12/31/10 |
| 15 |
Banco Santander |
Spain |
1,626,805 |
12/31/10 |
| 16 |
Bank of China |
China |
1,579,346 |
12/31/10 |
| 17 |
Agricultural Bank of China* |
China |
1,568,722 |
12/31/10 |
| 18 |
Lloyds Banking Group |
United Kingdom |
1,552,245 |
12/31/10 |
| 19 |
Société Générale |
France |
1,512,657 |
12/31/10 |
| 20 |
UBS |
Switzerland |
1,401,924 |
12/31/10 |
| 21 |
Groupe BPCE |
France |
1,400,911 |
12/31/10 |
| 22 |
Wells Fargo |
United States |
1,258,128 |
12/31/10 |
| 23 |
Sumitomo Mitsui Banking Corporation |
Japan |
1,247,053 |
03/31/10 |
| 24 |
UniCredit |
Italy |
1,241,967 |
12/31/10 |
| 25 |
Credit Suisse Group |
Switzerland |
1,098,345 |
12/31/10 |
| 26 |
Commerzbank |
Germany |
1,007,882 |
12/31/10 |
| 27 |
Goldman Sachs Group |
United States |
911,332 |
12/31/10 |
| 28 |
Intesa Sanpaolo |
Italy |
880,221 |
12/31/10 |
| 29 |
Rabobank Group |
Netherlands |
871,908 |
12/31/10 |
| 30 |
Norinchukin Bank** |
Japan |
844,431 |
09/30/10 |
| 31 |
China Development Bank |
China |
771,729 |
12/31/10 |
| 32 |
Nordea Bank |
Sweden |
776,108 |
12/31/10 |
| 33 |
Dexia |
Belgium |
757,262 |
12/31/10 |
| 34 |
Banco Bilbao Vizcaya Argentaria (BBVA) |
Spain |
738,560 |
12/31/10 |
| 35 |
Royal Bank of Canada (RBC)* |
Canada |
713,646 |
12/31/10 |
| 36 |
National Australia Bank* |
Australia |
664,174 |
12/31/10 |
| 37 |
Commonwealth Bank of Australia |
Australia |
660,205 |
12/31/10 |
| 38 |
Toronto-Dominion Bank (TD) |
Canada |
608,113 |
12/31/10 |
| 39 |
Westpac Banking Corporation* |
Australia |
598,647 |
12/31/10 |
| 40 |
Bank of Communications |
China |
596,655 |
12/31/10 |
| 41 |
KfW |
Germany |
590,269 |
12/31/10 |
| 42 |
Danske Bank |
Denmark |
572,547 |
12/31/10 |
| 43 |
Scotiabank (Bank of Nova Scotia) |
Canada |
516,939 |
12/31/10 |
| 44 |
Standard Chartered |
United Kingdom |
516,542 |
12/31/10 |
| 45 |
Australia & New Zealand Banking Group (ANZ) |
Australia |
514,857 |
09/30/10 |
| 46 |
DZ Bank |
Germany |
512,378 |
12/31/10 |
| 47 |
ABN Amro* |
Netherlands |
509,249 |
12/31/10 |
| 48 |
Banque Fédérative du Crédit Mutuel (BFCM) |
France |
501,422 |
12/31/10 |
| 49 |
Landesbank Baden-Württemberg (LBBW) |
Germany |
500,285 |
12/31/10 |
| 50 |
Banco do Brasil |
Brazil |
481,179 |
12/31/10 |
|
Source: Fitch Ratings except
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Filed Under (Bursa News) by Webmaster on 27-11-2008
In our last posting we explained the morning and afternoon trading sessions. We also mentioned the new session called Pre-Opening and Pre-Closing. Bursa new trading system will use these pre-opening and pre-closing session to calculate the Theoretical Opening Price (TOP) and Theoretical Closing Price (TCP). This is Part 3 of our introduction to Bursa New Trading System.
Part 1 was Bursa New System difference with the old system
Part 2 was about the Bursa New System Trading Session
What is the Theoretical Opening Price ?
According to Bursa defination; “The Theoretical Opening Price or TOP is the price at which the share would trade if it opens at the moment the price is calculated. TOP is calculated on a real-time basis on Pre-Opening Phase. With TOP, investores can get a better understanding of market demand and supply conditions to better plan their investment strategies.”
Basically a Dealer’s representative (Remisier or Dealer) can view via their new Bursa Trade Securities (BTS) system the TOP after the pre-opening phase. Most of us investors would not have privy to it. We have to call our remisier or dealer to check the TOP. So far we don’t have any idea how the TOP is decided but it is based on all the buy and sell order keyed-in during the pre-opening phase.
What is the Theoretical Closing Price ?
The Theoretical Closing Price is the price at which a share would trade if it stops trading at the moment the price is calculated. TCP is calculated on a real-time basis in Pre-Closing/Closing phase. As the TCP is locked in at the Trading at Last and Closing, it allows the investor to gauge the price to be traded at the Opening as well as to plan ahead with greater clarity.
During the Trading at Last phase, you can ony input buy or sell order at the price of the TOP. Therefore the price will not suddendly move up or down just before the close.
We will try to find out how the TOP and TCP are calculated and post it here in the future.
In the next posting we will show example on how trade are matched in Bursa Trade Securities System.
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