Building a Singaporean banking core

Since Tharman came out to speak about building a banking core of Singaporeans, very little has happened really. And from the few skimpy reports, I think the whole thing will be a wash out or at least a big hazy wayang. It fails from the word go.

Just read the comments and reports and what the banks are claiming that they will be doing and how happy they are with the 75% locals in their employ.