Singapore

FATCA set to be a burden to Asian banks

As the US pushes for stricter regulations to avoid tax evasion, Asian banks are forced to follow implementation and remediation requirements by 2015 - find out what analysts from Deloitte, PwC, KPMG, and Ernst & Young have to say.

FATCA set to be a burden to Asian banks

As the US pushes for stricter regulations to avoid tax evasion, Asian banks are forced to follow implementation and remediation requirements by 2015 - find out what analysts from Deloitte, PwC, KPMG, and Ernst & Young have to say.

Will OTC derivatives clearing in Asia mirror the US and EU model?

Standard Chartered’s Giles Elliot says it will surely have a big impact in the market, though not all players can afford the capital charges for extensive memberships in different markets.

Graph of the Week: AsiaPac banks’ exposure to the EU crisis

Singapore and Hong Kong will be the hardest hit should euro area banks retreat.

DBS opens experimental branch

DBS Bank opened a POSB bank branch as an experiment of sorts in bringing down the cost of banking and shorten service times.

Singapore banks want exemption from US FATCA rules

Banks in Singapore are lobbying against the US' Foreign Account Tax Compliance Act or Fatca.

The Asian Banking and Finance Wholesale Banking Awards 2012 now open for nominations

Name your best banking and finance institutions in the inaugural Asian Banking and Finance Wholesale Banking Awards 2012.

Singapore banks slam Volcker Rule; demand exemptions

One banker’s feast is another’s poison pill it seems.

Citi revamps Asian management structure

Citigroup Inc's Asia-Pacific chief executive announced a new management structure with the region's markets head, Rodrigo Zorrilla, promoted to COO.

Regulation and tax pressures to hit the securities industry in 2012

HSBC and Standard Chartered concur that banks in Asia will have to brace for a depth of regulatory change and evolution of tax regimes this year.

Singapore’s top 3 banks brace for lower earnings

Flat interest margins and low loan growth are expected to take their toll on Singapore’s leading banks.

ATM makers hope to squeeze cash out of system

New software even plans out more efficient truck delivery routes.

More Swiss banks turn to Singapore for confidentiality

More Swiss banks may be looking to Singapore as a favourable place for expansion.

Bankers probe for more efficient custody & clearing platforms

Find out what HSBC’s Ian Banks and Standard Chartered’s Giles Elliot have to say about the challenge of having a system that embeds sufficient functionality in multi market implementations.

RHB Singapore upbeat on growth amid glocal challenges

RHB Bank Singapore is confident of maintaining growth while expecting more active participation in debt issuance and funding corporate clientele.

International trade finance to boom in Asia in 5 years

Banks will have to intensify their transaction banking platforms as Asian businesses do more cross-border trade, says HSBC's Noel Quinn.

More money in the bank awaits IT providers

Retail banking IT spending in Asia-Pacific is pegged to increase by over US$7bn.

Funding pressures to hammer banks in 2012

The ongoing financial crisis in Europe will raise regulatory pressure on capital and liquidity for banks and insurers this year.