Rebuildig the banks.docVIP

Rebuilding the banks The region’s banks are mostly small and inefficient Now that has to change DOMINIC CASSERLEY AND GREGORY GIBB The McKinsey Quarterly, 1999 Number 2, pp. 68–75 Asia’s local financial institutions can no longer afford merely to tinker at the edges; more open markets, more demanding customers and foreign institutional investors, and more intense competition from abroad are all putting extraordinary pressure on private and state-owned banks to raise their game to unprecedented levels. To survive, such banks will have to improve their performance hugely over the next