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From Sleeping Tiger to Stirring Elephant

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Submitted By navinsambtani
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the journal
August 2005 Tackling the key issues in banking and capital markets*

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Contents
Page

Editor’s comments

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New challenges for central banks

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Business integrity: A foundation for rebuilding reputation

16

The battleground for consumer banking

24

India: From sleeping tiger to stirring elephant

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IFRS: Is your financial reporting sustainable?

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Shari’a compliant financial services – standing its ground

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Editor’s comments

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by Phil Rivett

the journal • Tackling the key issues in banking and capital markets

Phil Rivett
Global Leader, Banking & Capital Markets, UK
Tel: 44 20 7212 4686 Email: phil.g.rivett@uk.pwc.com

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Welcome to the August 2005 edition of the PricewaterhouseCoopers banking and capital markets journal. This is the 7th edition of the journal and brings together a rich selection of topics from our industry experts. Central banks are increasingly coming under the spotlight as they face a number of changes and challenges. In ‘New Challenges for Central Banks’, Chris Sermon, Peter Trout and Elizaveta Filipova highlight some of the new and existing opportunities facing the central banking sector in the areas of accounting, reporting, transparency, corporate governance and risk management and explore the importance of evolving practices and developments. Trust and integrity are fundamental to the financial sector, no more so than now following recent corporate transgressions. In ‘Corporate Integrity: A Foundation for re-building reputation’, Phil Case, Allan Goldstein and John Queenan address how the banking sector has responded to this and outlines the need for action to repair the damage to stakeholders’ confidence and banks’ reputation.

Competition, consolidation and regulation are just a few of the issues tackled in ‘The Battleground for consumer banking’. Steve Davies,

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