Are family banks getting less important thanks to globalization
I dont know about less important. In Asia a lot of banks are still controlled by families. If the question is whether ownership is going to be institutionalised over time, then the answer is yes. In the near term, for many banks in Asia a lot of critical decisions will still be in family hands. Thats one of the challenges because there are concerns about corporate governance, there may be regulatory issues, and there may be tensions between regulators and family shareholders.
The Malaysians have taken the approach that they dont want families owning banks. Is that a good approach