Turnabout sweeps through banking sector
Friday, November 07, 2014
The volte-face, which has gradually developed over the past three years, also looks set to reverse the role of the central bank in open market operations from liquidity absorption to provision.
Before 2010, the banking sector had been characterised by excess liquidity, super normal profits and low deposits rates, making savings unattractive.
A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...