In Focus

Hong Kong residents investing more in RMB products

RMB assets to rise to 32% of their portfolios.

Check out how Japanese megabanks will comply with new law

Will seek approval from shareholders this month.

M&A binge predicted for Philippine banks

Will be led by mid-sized commercial banks.

Philippines wants rural banks to expand operations

Over a third of towns without banking offices.

PBOC warns anew against shadow banking

Says there is a need to strengthen disclosure.

IBT to issue Thailand's first-ever sukuk

Islamic Bank of Thailand will use proceeds to hike capital.

China to introduce deposit insurance system

Will lay the basis for interest rate liberalization in banking sector.

India moves against rising restructured debt risk

Orders banks to boost reserves to 5% from 2.75%.

New law allows 60% ownership in Philippine rural banks

President Benigno Simeon Aquino signs Republic Act 1057 into law.

Indonesia gets e-money payment system

Bank Indonesia will introduce e-money in June.

New rules dampen demand for WMPs

These also threaten banks’ profits, however.

Japan to extend RE loans to Costa Rica

Loans to help Costa Rica become carbon neutral by 2021.

Indian banking sector to spend 13% more on IT in 2013

Gartner, Inc. estimates spend at US$7.6 billion.