GLGi: Unsecured Lending Crisis in Taiwan, and New impetus for Banking Consolidation

Agenda:

• The "Double Cards Storm" in Taiwan 18 months later- more than a credit management challenge experienced by unsecured lenders in Taiwan
• 2006, a year with 4 Winter seasons -- the aftermath of the lending crisis and its contribution to the quickening pace and changing texture of the banking consolidation in Taiwan
• The snowballing Ribar Group Scandal in January 2007 and the subsequent run on The Chinese Bank -- will this new storm usher in more Banking M&A deals in Taiwan in the Year of the Golden Pig?
• Another Financial Services Commission Head, the top regulator in Taiwan, steps down as sacrificial lamb. How will this and other political events in Taiwan determine the fate of the problem banks?