Cas Coovadia - managing director of the Banking Association of South Africa

Banking chiefs globally will be keenly watching US President Barack Obama's State of the Union address this evening for any further talk of new regulations for the US banking industry. Obama created a stir last week when he proposed tighter regulations that would cap the size of their balance sheets and limit proprietary trading. Joining me with his views is Cas Coovadia, managing director of the Banking Association of South Africa.