Singapore

FATCA triggers concerns on government-to-government reporting

FATCA triggers concerns on government-to-government reporting

Some European countries already agreed to report to their own government agencies rather than direct to the US government - will Asia follow suit?

Morgan Stanley to do wholesale banking in Singapore

Morgan Stanley’s wholesale banking license allows it to expand its lucrative wealth management business and boost lending.

Singapore’s surging loan/deposit ratio

It increased to 90% in 2011 compared to 82% in 2010.

ASEAN banking system to be adopted

Central banks in the ASEAN will set up an ASEAN bank system.

Specialist business models for asset managers

Although asset management is considered the most consistently profitable business in financial services, there has been extreme volatility in the degree to which individual firms capture profits.

Will RMB soon beat USD as the main currency for cross border trade?

The internationalisation of RMB is providing banks with opportunities to enhance their cash management structures in the face of a USD liquidity shortage - but does a shortage really exist till now?

More loans for Islamic SMEs from CIMB Bank

The Singapore unit of CIMB Bank is poised to expand its Islamic banking operations in a big way.

The key to driving cost efficiencies in Asian banks

With the outlook of slow growth in the coming years, banks across Asia need to aim for significant structural changes to their cost base. This can be a challenge, however there are lessons from the experiences of other industries such as the European postal industry for example.

Here’s what Asian banks need to know about FATCA

We already know the huge impact, if not burden, the proposed FATCA regulations brings to Asian banks - but what else do we need to know about the new regulation? KPMG, Deloitte and PwC give their insights.

OCBC Bank launches iPad app for home loan fact sheet

The Oversea-Chinese Banking Corporation Ltd has developed an application or app that makes it easier for customers to navigate complex loan requirements.

3 successful branch strategies

The banking community of the Asia Pacific region continues to impress with its commitment to the branch.

HSBC Singapore aims ambitious: US$1 billion in profits

HSBC Singapore is 60% on the way to achieving its profit target of US$1 billion by 2016.

Integration of cash and trade key for greater efficiency in Asian banks

As clients look for enhanced services, banks will have to strive for better cash and trade product sets - find out what HSBC’s John Laurens, Citi’s Ravi Saxena, and DBS’ Ken Stratton have to say.

Government limitations to provide liquidity for AsiaPac banks

Floating exchange rate regimes in Asia Pacific countries give governments flexibility to provide liquidity support to the banks, but not in Hong Kong.

Asian banks to be mired in FATCA’s worrisome regulations

Asian banks will have to brace for financial concerns, operational burden, and data privacy dilemmas brought about by FATCA - but these are not the only challenges.

Asia to face regulatory scrutiny in payments

Increased pricing pressure, cost complexities, and western regulatory initiatives may have custodians worried.

OCBC reports rosy results

The Oversea-Chinese Banking Corporation Ltd, Singapore’s largest local bank by market capitalisation, has reported encouraging operating results for 2011.