Term premia are expected to remain elevated for some time because of wider problems in the financial system such as uncertainties regarding the valuation of complex products, counterparty mistrust and continuing uncertainty about the ultimate location of mounting losses on assets linked to the US subprime residential mortgage sector.
As the dominant demographic profile of our banks change rapidly and the customer needs and positioning strategies take different contours, finding and placing the right person for the right job is indeed critical. Not only has the environment changed, there has also been a palpable change in the attitudes of the new generation.