One banker who had read the proposed circular said the BSP wanted to widen the coverage of what constituted exposure to a single
conglomerate. This could mean that the maximum allotment for the same group would decline.
Moving forward, he said the Ayala
conglomerate would be looking to invest in various businesses to prepare for the future.
As for LG, the rival
conglomerate is expected to announce changes to its business structure and the new appointments of chief executives at its subsidiaries and affiliates prior the New Year.
Under Koo's leadership, the
conglomerate changed its corporate brand to LG from Lucky Goldstar and sold LG's semiconductor business to Hyundai, now SK Hynix Inc, under government-led restructuring in the wake of the Asia financial crisis in the late 1990s.
In the mid-1990s, Harvard Business School academic Tarun Khanna wrote that
conglomerates persisted in emerging markets because weak regulation and poor contract enforcement made it safer to keep business connections in-house.
2
Conglomerates with Benveniste and in the tradition of French morphology
An official said, 'There is more risk in the financial
conglomerates because their groups are getting bigger.'
In India,
conglomerates account for a large chunk of private enterprises.
The report, the result of a recent self-assessment survey of Joint Forum members, presents findings on how far cross-sectoral issues, and specific questions related to financial
conglomerates, are effectively addressed within supervisory colleges.
of non-public information within financial
conglomerates. It comprises
Tan as the
conglomerate's Chief Executive Officer (CEO), a position held concurrently by the older Tan as Chairman since 2006.