Question
Read the statement below and answer thequestions It is important for us to nurture Pan African Banking given the undoubted and numerousbenefitsthishasforourcountryandtheAfricancontinentthesearethe wordsofaCEOofabigandinfluentialbankinyourcountryandheavilysupported by the
- Read the statement below and answer thequestions
"It is important for us to nurture Pan African Banking given the undoubted and numerousbenefitsthishasforourcountryandtheAfricancontinent"thesearethe wordsofaCEOofabigandinfluentialbankinyourcountryandheavilysupported by the Ministers of Finance and Economic Development. However the Governor of theCentralBankopposesthisstandandstatesthatcrossborderbankingincreases systemic risk and is counterproductive to theeconomy.
The President has asked for your opinion on this. Discuss your response to the President in the following structure: provide a critical analysis (deeply rooted in theory and context) of:
- ThebenefitsofcrossborderbankingasadvocatedforbytheCEOandMinisters of Finance and EconomicDevelopment
- The Central Bank Governor's rebuttal
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