For example, in 1996 the combined current account balance of the developing economies was a deficit of $ billion, representing a capital inflow of that amount from the industrial world. The sources of the $ billion in net capital flow out of the developing economies are remarkably concentrated.
First, any transfers or outsourcing of the National Bank’s core banking functionality, including by way of an operational merger, will require the Reserve Bank’s further consent. Core functionality includes all management, operational capacity and systems necessary to operate the bank on a standalone basis in the event of failure of an outsourcing provider, including a parent bank.