Singapore

Credit Risk Asia aims to explore how redit risk management, measurement and modeling will change under Basel III.

Oversea-Chinese Banking Corporation Limited 's second quarter grew by 15 % year on year to 577 million Singapore dollars or US$476.9 million.

Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.

Across Asia in recent years, consumer demand for credit cards, unsecured loans and mortgages has increased substantially. With positive demographic changes and favourable economic conditions, it is expected this growth will continue at pace.

Global regulators have proposed new liquidity and capital rules, known as Basel III, with the goal of reducing the likelihood of another financial crisis. These regulations will affect European and North American banks far more than their Asian counterparts, for three main reasons.

The impact of the last financial crisis continues to have a profound effect on the revenue streams, cost structures and profitability of the asset management industry.

Singapore lender DBS Group Holdings Ltd. says it returned to profit in the second quarter despite slumping fee and trading income.

Kim Eng says DBS may profit the most with $719m in 2Q11.

The region's best banks were recognised at this year's awards held in Singapore. More than 150 bankers from around Asia were on hand to cheer on the winners at Asia's most prestigious retail banking awards.

The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.

The lender to set up four branches immediately after India’s central bank gives nod to expansion plan.

China accounts for 20% of the Singapore state investor’s portfolio despite sale of shares in two Chinese banks.

Current India and South Asia chief may relocate in next three months to Singapore, replacing Ray Ferguson.

And this is driven by business loans which expanded 27.5% in May.

This account caters to the local population of around 450,000 Muslims.

But analysts breathe a sigh of relief that new capital levels not too tight.