Tuesday, September 15, 2009

REFLECTION PAPER

MALAYSIA BANKING INDUSTERY
Bank Negara has assured Malaysian depositors that their money in banks and insurance companies in the country is safe as the banking system is strong enough to withstand the turmoil of the global financial crisis. The central bank said it stood ready to pump liquidity into banks if needed and was closely engaging other monetary authorities in the region to monitor and respond with coordinated measures to deal with the current challenging environment. “Several years of reforms, institutional development and capacity building, continuous efforts to enhance corporate governance and risk management standards and practices have significantly strengthened the banking system,’’ a central bank statement said, seeking to calm the nerves of Malaysians. Bankers have been fielding calls from nervous depositors and investors worried about the financial crisis that has spread from the United States to Europe and now, on a limited basis, has worked its way to Asia. Analysts said the move by Bank Negara to pacify depositors would provide much needed confidence. “It is not unusual as this is in line with what central banks are doing to reassure people,’’ said the head of research at a local brokerage. Some analysts wondered if the central bank would also guarantee the safety of all deposits in the country, a move taken by a number of countries with the latest being Hong Kong. Bank Negara said non-performing loans in the banking system had improved to 2.5% and there was sufficient liquidity in the system as the net interbank placements was RM198.5bil. “The banking and insurance industries are therefore operating with adequate capital and liquidity buffers that have negligible exposure to both subprime-related securities and to the affected financial institutions of other countries, with more than 90% of total assets of the banks and insurance companies in ringgit-denominated assets,’’ Bank Negara said. It said all foreign financial institutions in the country were locally incorporated and, at end- August, the risk weighted capital ratio of the foreign financial institutions was 12.6%. The risk weighted capital ratio of the banking system was 13.2% and exceeded the minimum of 8% by RM42.3bil, which Bank Negara said was an indication that the leverage position of the industry was manageable. The insurance industry posted a solvency surplus of RM16.5bil at the end of August. It added that the debt level of households was stable as the value of their assets was twice that of their debt. Corporations had a debt-to-equity ratio of 48% in the first half of the year. “The strong capital position, combined with ample liquidity, provides adequate capacity to the banking system to continue to perform its intermediation function and to meet its financial commitments as well as the demand for financing and financial services in supporting domestic economic activities,’’ the central bank.
ADOPTED STARATEGIES
  • Banking industry struggling to maintain a good and effective position and attract more and more business by providing good and high quality services.
  • The same time agencies are looking to create an individual or unique perspective or process, again to offer a strategic point of difference
  • Banking agencies need to understand the business of their clients, be innovative in their and planning, understand their clients’ competitors and develop strategies both creative and tactical that guarantee success
  • Government of Malaysia fully supported banking industry to utilize their non-performing capital in a proper way.
  • The researchers and expert are searching the customers need and requirement and fine out how to reach and how to satisfy them.
  • Comprehensive package for investors
  • Strong socio-economic fundamentals
  • Firm commitment from the Malaysian Government
  • Accelerated human resource training and development
  • Competitive costs of doing business
  • Widespread usage of English
  • Superlative quality of life
  • Extensive Management Restructuring to translate into bottom line improvement for going forward.
  • The bank operates a wide network of branches all over the country. Through the number of branches is not much as compared to other banks but it has expanded its network in a very short duration of time and is still planning to further expands its network. PROGRAMMES & INCENTIVES
  • Performance requirements are usually written into the individual manufacturing licenses of local and foreign investors. These transaction and dealing are performing by banking industry in Malaysia
  • The government is committed to broadening and deepening domestic capital markets. With that in mind the government released in 2001 the 10-year Financial Sector Master Plan and Capital Markets Master Plan.
  • The banking industry provides capital and financing facilities to the particular companies which can help them to extend their businesses. They charge interest on the funds which is the revenue of the banking
  • The investment policy of banking industry is to take minimum risk and high return for this purpose they implemented tailored investment plan to achieve highest return.
  • The Malaysian banking industry encourages foreign direct investment, particularly in export-oriented manufacturing and high-tech industries, and in "back office" service operations, but retains considerable discretionary authority in approving individual investment projects.
  • Despite the imposition of selective capital controls, Malaysia’s currency remains fully convertible. Importers and exporters have sufficient access to foreign exchange. Ringgit earned by foreigners in the form of salaries, interest payments, and dividends may be converted into foreign currency for repatriation abroad.
  • All payments to other countries must be made through authorized foreign exchange dealers in foreign currency.
  • For the maximum capital protection banking industry implemented diversification strategy to take lower risk with high return.
  • For the achievement of objective of respective client they perform the function of oversees assets allocation for various form of investment.
  • Review and change the asset allocation regularly in response to changes in interest rates, economic and stock market conditions. INCENTIVES:
  • They offer their share to their employees to buy and enjoy the dividends may fix rate or might be fluctuated.
  • They provide others facilities to the customers and employees by charging low interest on funds.
  • They offer some loan to some business and they charge interest when they start to generate income.
  • They provide training facilities to their employees.
  • Banking industry motivated clients to invest in their portfolios by giving more interest return and also invest their money in proper portfolio but the investment process depends upon the requirement of clients and how much they can take risk in their investment. The whole process of investment is called portfolio management.
  • Banking industry reinforces their employees by giving bonuses and commission in the form cash or others near to cash assets.

ഹോട്ലിനെ ബ്രേക്ക്‌ ഓണ്‍ singapore

SINGAPORE
The Association of Banks in Singapore (ABS) is a non-profit industry body which promotes and represents the interests of the banking community in Singapore. ABS works closely with the Monetary Authority of Singapore and other government and non-government agencies to support their respective roles in developing and upholding a sound financial system in Singapore. The Association of Banks in Singapore (ABS) plays an active role in promoting and representing the interests of the banking community in Singapore. ABS also works closely with the authorities in supporting their role in developing and maintaining a sound financial system in Singapore. Established in 1973, it has over the past years, brought its members together, establishing common grounds through benchmarking and setting banking guidelines as well as working on projects of mutual benefit to face new challenges of the financial and banking community in Singapore.Banking in Singapore is a service industry that has grown significantly in recent years. Total banking assets under management in Singapore rose from about $92 billion in 1998 to about $350 billion in 2004. Singapore has attracted assets formerly held in Swiss banks for several reasons, including new taxes imposed on Swiss accounts and a weakening of Swiss bank secrecy. Credit Suisse, the second largest Swiss bank, moved its head of international private banking to Singapore in 2005. Tax evasion is illegal in Singapore; however, according to an Organization for Economic Co-operation and Development official, Singaporean authorities tend to cooperate with other countries' tax authorities only when evasion of Singaporean taxes is involved. Commercial banks in Singapore take up universal banking. Some of the Local banks are Bank of Singapore, DBS Bank Ltd, Far Eastern Bank Ltd, United Overseas Bank Ltd. Presently there are 106 Foreign Commercial Banks in Singapore of which 24 are Full Banks, 35 are Wholesale banks, and 47 offshore banks. Some more branch offices of renowned banks are located in Singapore like American Express Bank, Bangkok Bank Public Company Ltd, Bank of America, Bank of China, Bank of India, Indian Oversees bank, UCO Bank, Southern Bank and JP Morgan Chase Bank. Officials say that the government has no plan to ease barriers against foreign takeovers of Singapore banks. Under banking rules, foreign shares are restricted to a maximum of 40 percent of total equity, and no single foreign investor can own more than 5 percent of total shares. Liberalization of banking sector saw the government formed a new category under the foreign banks called the Qualifying Full Bank. The first four licensed banks were ABN AMRO, Citibank, Standard Chartered bank and Banque National de Paris.Wholesale bank license were given in 2001 to replace the restricted bank license because of greater service these banks produce. Some of wholesale Singapore Banks are Scotia Bank, Australia and New Zealand Banking Group, Barclays Bank, Commerce bank, Deutsche Bank, Korea Exchange Bank and many more to name. However the best Singapore banks among all that experience the maximum of customers are ABN AMRO, AFC Merchant bank, Bank of India, Singapore, May bank, OCBC, Offshore Financial Services, SG Private Banking Asia Pacific, The Association of Banks In Singapore, Union European de CIC and United Oversees Group. Banking and Banks in Singapore is a service industry that has improved significantly in recent years. The Finance Authority of Singapore is regulated by the Monetary Authority of Singapore. SWOT ANALYSIS: The latest and new kind of services to the customers and business are SWOT analysis of the different company. They find out the opportunities for different companies in the market and support them to achieve and get more benefits for them. Exploit Latest Competitive Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services. They also analyze their market position their sales, market share, and leading the products and services to the customers. They are providing the low cost services and products with high quality. COMPETITIVE ANALYSIS: Our reviews of latest industry trends, regulatory changes, and major deals, projects and investments. Banking industry in Singapore provides the latest services and facilities for the customers. They bring changes according to the market demand. They also offer for the capital for that business who want to bring changes, reengineering, and restructuring. They facilitate different projects for the development of economy of the country. A Benchmark to test other views a key input for successful budgetary and strategic business planning.

INNER VOICE

You are a Excellent Leader..If you Have?

EIGHT TYPES OF SKILLS NECESSARY TO BECOME AN EXCELLENT LEADER
LEADERSHIP: Is the influencing process of leaders and followers to achieve organizational objectives through change? Most years of experience in Exploring have shown that good leadership is a result of the careful application of 11 skills that any post of officer can learn to use. With practice, these skills can become a part of the adult’s or youth officer’s leadership style and will prove helpful in Exploring and all other leadership situations. This competency enables a learner to:
  • Recognize understanding the needs and characteristics of group members as a major technique for building group unity and identity.
  • Recognize and differentiate between values, norms, needs, and characteristics.
  • Gain knowledge of the relationship between planning activities, group performance, and individual needs and characteristics.

It is essential that we first understand ourselves and our own needs and characteristics. Only then can we know and understand other people. This understanding hopefully come naturally as we mature, creeping over us like ivy winding about a tree. By directly exploring and encouraging discovery of these personality traits, we can accelerate the maturing of a leader, adding fertilizer to the ivy and tree. Knowledge of individual needs and characteristics is important for every member of a group. As any group forms, an informal assessment of members' characteristics and needs always takes place. This competency brings the process out of the closet and uses it to everyone's advantage. Members volunteer their own needs and characteristics in an open, trusting environment via specific learning activities and exercises. Everyone is accepted and their individual differences are valued, for the differences contribute to an environment calculated to encourage growth. The competency Understanding Group Needs and Characteristics has five major parts:

"Understanding Motives". "Assessing Values". "Evaluating Norms". "Meeting Individual Needs". "Learning Personal Characteristics".

UNDERSTANDING MOTIVES:

We should differentiate between needs and wants. A need can be strictly interpreted as those elements essential for human survival: shelter, food, warmth, and love. A want is merely a desire; something that we believe will make us happier or our circumstances easier. The psychologist Abraham Maslow conceived of our needs and wants as a pyramid, the top of the pyramid representing our ability to realize our own potential or our capacity to help others (or altruistic behavior). He called this self-actualization. As a leader, we must be able to evaluate an individual's relative position within this hierarchy of needs. For example, if a learner's personal life is insecure, their motive for attending camp may be very different from another person whose personal life is relatively stable. The insecure person may simply be escaping a bad environment or seeking affirmation of their self-worth, while the other individual is seeking to exercise skill they already know they possess and greater skill as a leader. Furthermore, according to Maslow, fulfilled needs are no longer motivators. We must not however arrogantly assume based on a few external facts or characteristics that we understand a person's true motives. We should use our intuition and discernment, but it is our obligation within the context of the program to build some trust and help the person reveal their needs and motives. They may not yet even understand what their own needs and motives are, so as a leader you must be sensitive to this.

ASSESSING VALUES: Values are closely held beliefs developed over many years. They do not change readily or quickly. They are the standards by which attitudes are formed, but they are not attitudes. Values are not behavioral traits; they are not needs (the lack of something desirable). Values are affective in nature; they are the markers by which we choose between one behavior and another. How individual’s values combine in a group creates the dynamics of group interaction. Everyone's set of values are personal and unique. Though individual values are not necessarily talked about, they are nonetheless operative. Values cannot be ignored if we are to know ourselves and others. In White Stag, we don't teach or identify for learners a particular set of values. We rarely engage in specific, overt values clarification exercises. Values are often brought to light in the course of other activities, as part of the group leadership development process, and examined in a limited context. Adolescent staff are usually not adequately prepared or trained to facilitate sensitive values clarification exercises. Nonetheless, individual values can and do change as a consequence of participation in the White Stag Leadership Development Program. By example, we set certain values as our standards. We value the group as a whole, though not at the expense of an individual. We value the outdoors and express our wonder and reverence for it. We value our fellow learners, and tell them so in many ways. We value creativity, autonomy and maturity, and encourage and reward these qualities during the development process and program.

EVALUATING NORMS: These are the common rules and customs followed by group members. They may or may not be overtly defined. Norms specify acceptable and appropriate behavior. In White Stag, rising at the crack of dawn to run half naked about camp shouting "Augi! Augi! Augi!" is an acceptable "norm." At IBM, wearing a white shirt used to be the norm. Norms develop from the values, expectations and acquired habits that members bring with them to the group. Some White Stag members with an extensive Scouting background believe that the uniform ought to worn at all times; others believe uniforms are only necessary when the candidates are around, or aren't required at all. Norms are for the most part unquestionably followed. They are rarely overtly examined by the group itself, especially for their vast influence on communication within and between groups. The norms of White Stag are in some respects very different from what we experience every day. We have many ceremonies mimicking social rites of passage. We have numerous, complex and unique traditions.

MEETING INDIVISUAL NEEDS: These include the physical, everyday ones of eating, breathing and sleeping. These are our survival needs. We also have certain psychological needs not as easily recognizable, but critical to our physical and emotional well-being nonetheless. A newborn infant, left alone and never touched, although it may eat, breath and sleep well, will die. Needs might include, for instance, "doing something challenging or new," "coed activities," "receiving recognition," "fun," "respect from others," and "time alone." Given knowledge of a member's needs, the group can have a powerful impact as it assists individuals in fulfilling their needs. A group leader who strives to respond to individual needs will subsequently earn considerable loyalty and commitment from group members. Members can continue to contribute under very stressful and trying circumstances, beyond their own estimation of their capacity, if they are given specific, positive feedback.

LERANING PERSONAL CHARACTERSTICS: These are individual signs of who we are. Someone may value competition, need physical recreation and be characterized as an athlete. Characteristics are the obvious landmarks others judge us by (sometimes accurately, sometimes not). "He's shallow--he never talks about anything but girls and football." "She's an idealist--always working for one cause or another, never giving up."

KNOWLEDGE AND USING THE RESOURCES OF THE GROUP

This competency enables a learner to:

  • Recognize knowledge and use of group resources as a major technique in bringing a group together and creating commitment to common goals.
  • Recognize that resources are theoretically limitless, and that the leader's (and group's) ability to recognize and utilized diverse resources tremendously affects what the group can accomplish.
  • Involve more people in active leadership by giving each a part according to his or her resources.
  • Evaluate the impact the availability of resources has on doing a job and maintaining the group.

ABOUT GROUP RESOURCES: What happens when a group of people meet for the first time? An informal process of "getting to know you" always takes place. Standard rituals of introduction take place: "Where do you live? What school do/did you attend? What do you do? Where were you born? Where did you grow up?" People do a lot of quick assessment: "How much can I trust this fellow?" "Does he do things by the book?" "Is this someone I'd like to spend more time with?"

CONTROLLING THE GROUP: This competency enables a learner to:

  • Recognize how his behavior influences and controls others?
  • Distinguish between controlling group performance and setting the example.
  • Identify control as a function of the group, or of a facilitator, and the advantages and disadvantages of each having that responsibility.
  • Identify different techniques for controlling group performance and their suitability in different situations.
  • Deploy group resources to the best interests of the group while encouraging personal growth.
  • Evaluate leadership performance in terms of group performance.

COUNSELLING: This competency enables the learner to:

  • Gain knowledge of the principles of counseling.
  • Practice some simple techniques to be used in ordinary situations.
  • Develop an awareness of counseling as a function of leaders.
  • Grow personally in areas of problem solving and decision making.
  • Help others to increased ability to solve problems and make decisions

REPRESENTING THE GROUP: This competency enables the learner to:

  • Understand Representing the Group as the process by which other groups identify his group.
  • Identify some of the questions a representative must ask of himself before proceeding without prior group consensus or input.
  • Develop an attitude of faithful representation of the entire group.
  • Assess whether or not a decision can be agreed to without further group decision-making.

PROBLEM SOLVING: This competency, sometimes also called Planning, enables the learner to:

  • Identify problem-solving as one of they key techniques in developing the group's capability.
  • Gain knowledge of a definite technique for problem-solving and planning.
  • Understand the value of problem-solving in group commitment to the task and to group unity.

The basic outline for this competency has not changed in over 30 years. Additional information is added, layers of complexity are introduced, but the basic scheme remains: Analyze Design, Develop, Implement, and Evaluate.

SHARING LEADERSHIP: This competency enables the learner to:

  • Develop a concept of leadership for a group which permits different functions of leadership being shared or distributed among group members according to the situation and member's strengths.
  • Gain knowledge of the forces acting on the leader and the group, and inherent in the situation which makes for appropriateness of leadership styles.
  • Distinguish between situations in which certain styles of leadership are appropriate.
  • Relate styles of leadership to the twin factors of getting the job done and maintaining group integrity and morale.
  • Develop attitudes of using appropriate styles of leadership to fit needs of the group to meet situations and accomplish short-and long-range goals.

SETTING THE EXAMPLE: This competency enables the learner to:

  • List three positive results a leader who sets a good example can obtain.
  • See that Setting an Example is an important part of Controlling Group Performance.
  • Recognize the leader's responsibility for setting the example.
  • List seven ways a leader can set a good example.

EVALUATION: This competency enables the learner to:

  • Use evaluation as a technique to maintain group integrity while improving job performance.
  • Describe what is meant by "getting the job done" and "maintaining the group."
  • Analyze a situation for improvement.
  • Avoid conflicts between getting the job done and maintaining the group.
  • Develop an attitude of constant (informal and formal) evaluation.
  • Use a variety of strategies for evaluation purposes.

Evaluation is the constant companion of the White Stag learner and staff member. We constantly strive to improve ourselves, so we continually evaluate how we are doing. We call this the "Evaluation Attitude." This attitude, it turns out, is one of the five founding principles of the White Stag program. In almost any situation, except when responding to purely mechanical systems, we must consider the task and the people. ABOUT EVALUATION: Ask a Patrol Member Development candidate at the end of the summer camp, "When do you evaluate?" and he'll tell you, "Always." Ask another candidate from Patrol Leader Development "what do you look for when you evaluate?" and he'll say, "The strong and the weak points, possible improvements, and things to keep." Ask a third candidate, a young woman from Troop Leader Development, bowed under a large pack, "What is evaluation?" and he'll tell you everything the others have said and add, "We evaluate how well the group is keeping itself together and how well we're getting the job done." Evaluation is a continual process, either informal or formal, of judging a situation against a standard. Evaluation is, in essence, two things:

  • An attitude of continuous striving for higher goals.
  • A process for judging an individual's or group's completion of a task against previously identified standards.

Our desire is to improve our evaluation skills so that we evaluate in the same manner a eagle soars on the winds: constantly testing, consciously and unconsciously, wind current, flow, our altitude, strength, time, direction, position relative to our target, etc., all the elements that affect our reaching and surpassing the next mountain peak. COMMUNICATION: To improve your skills in getting information pay attention and listen carefully. Make notes and sketches. Ask questions and repeat your understanding of what was said. To improve your skills in giving information. Be sure others are listening before you speak. Speak slowly and clearly. Draw diagrams, if needed. Ask those receiving information to take notes. Have the listeners repeat their understanding of what was said. Encourage questions. PLANNING:

Planning is an important part of everything we do in Exploring. The following is a simple process for planning. Consider the task and objectives. What do you want to accomplish? Consider the resources-equipment, knowledge, skills and attitudes. Consider the alternatives, Brainstorm. Reach a decision, evaluating each option. Write the plan down and review it with the post.