In Focus

China reorganizes Monetary Policy Committee

Cause is the retirement and reshuffling of committee members.

China gets tougher on sales of WMPs

Orders checks on underlying assets of volatile WMPs.

Credit card fraud tops Shanghai’s financial crimes list

Accounted for 88% of financial crime cases in court in 2012.

HSBC says new Indian banking regulation not “sensible”

Indian and foreign-owned banks won’t be able to meet the new norms.

Why BOC is top pick among Hong Kong banks

Has strongest capital adequacy ratio (12.3% Tier 1) vs peers, an attractive 5.2% dividend yield and CNH asset deployment growth potential.

Vietnam to force weak banks into bankruptcy

Announcement sends shock waves through banking sector counting on government protection.

Bank Mandiri sees 50% increase in Islamic banking profits

The opening of more branches throughout Indonesia will help attain this goal.

India launches bid to build global-sized banks

Is pushing consolidation of public sector banks to create two megabanks.

South Korean banks hit by destructive cyber attack

China identified as most likely source of massive cyber assault.

Domestic banks to provide almost 100% of Philippine government borrowings

Government plans to borrow US$3.7 billion from the local debt market in Q2.

Chinese non-bank entities to offer custody services

New rule affecting Chinese non-bank financial intermediaries takes effect June 1.

Vietnam to restructure banking sector by 2015

Will do this to boost a slowing economy that grew at its slowest in 13 years.

Find out what supports Japanese mega banks' overseas operations

Foreign-currency liquidity and certificates of deposit are on the list.