New rules to get crooked bankers
February 24, 2009 | 12:00am
MANILA, Philippines - After admitting to apparent weaknesses in banking supervision, Bank Indonesia (BI) is said to be planning new rules to screen out crooked bankers, which are involved in manipulating financial figures, currency exchange speculation, and sale of risky capital market derivatives and other improper practices. Those who seek top bank jobs must pass the central bank screening based on assessing banking knowledge, leadership and integrity. BI would also cooperate with banking associations to access inputs on the track record of bankers during screening.
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