Singapore

In the aftermath of the global financial crisis, compensation practices in the Financial Services industry have come under significant scrutiny by regulators and politicians, particularly in Europe and the US. The Financial Stability Board (FSB) and the Committee of European Banking Supervisors (CEBS) have been at the forefront of issuing a series of implementation standards on compensation with the ultimate goal of designing appropriate incentive structures that seek to align bankers’ compensation to the nature and degree of risks undertaken.

Throughout the last two quarters, most hiring managers in banks were grappling with multiple offers and counter offers, thinking the worst of them.

Despite economic uncertainties, the bank believes that its efforts to strengthen its Asian operation will continue to bear fruit.

Gartner identified TrustSphere as one of the few highly innovative technology providers working on the mission-critical issue of protecting enterprisers' and end users' sensitive data.

The ratings agency retained the stable outlook for the notes to be issued through UOB's SGD5 billion Euro Medium Term Note (EMTN) program.

Habitat-Barclays Bare Your Sole 2011 will take place on Saturday, 18 June at Gardens by the Bay East, Tanjong Rhu.

The first package is the Hybrid Rate Home Loan and the second package is the Ceiling Rate Home Loan.

The Asian Banking and Finance Retail Banking Awards 2011 is now underway its process of nomination.

The opening of its Singapore branch marks a major in implementing the international expansion strategy of China CITIC Bank Corporation Limited in building its franchise into a world-leading brand.

The lender expects the former Julius Baer banker the experience it needs to tap the booming private banking business in Southeast Asia.

The compensation landscape at financial institutions is undergoing dramatic change. New approaches to remuneration are being implemented to comply with changing regulations and drive long-term business success.

The banking industry has been getting a bad wrap in recent times, but is this scrutiny justified, and is working in banking now radically different to what it was when the industry afforded a much better reputation? Furthermore, are quality candidates really turning their back on the banking sector to pursue careers in seemingly more attractive industries?

Coface conducted a corporate credit risk management survey in China, in the fourth quarter of 2010. Over 1000 companies in mainland China participated in the survey. It reveals that great improvement in both credit sales and overdue payment among mainland China companies has been observed in industries such as building & construction, textile and clothing, automotive/transportation and household electric/electronics, which is largely due to the government’s stimulus package after over 1 year’s implementation. But this might not necessarily be good news for Singaporean companies intending to extend their businesses to mainland China. The survey also revealed enterprise’ concern on 2011 economic outlook. Thanks to the high cost of raw material, industries such as building and construction, textile and clothing might face difficulties in the coming year. In the meanwhile, on the threshold of a new Five-Year Plan, the Chinese government will implement a new stimulus package, subsequently lead to a shift of the preferential policies among different industries, making the investment landscape in China a different story. The 12th Five-Year Plan will be implemented in 2011. More than 4 trillion Yuan will be spent in the coming five-year period to provide financial support, including tax cuts and exemptions, to nine key industries - new energy, new materials, information technology, biology and new medicine, energy conservation and environmental protection, aerospace, marine, advanced manufacturing, and hi-tech services industries. The government aims to shift China from “the global factory” to “the global market”. Therefore, the new plan accents on creativity and advanced technology, to help Chinese companies depend less on foreign technology. Companies with a focus on advanced technology rather than the traditional outsourcing manufacturing model will enjoy more benefits from the new Five-Year Plan.

According to a recent joint KPMG and Oracle survey of executives from financial institutions across the region, the recently proposed reforms Basel III are likely to have a significant impact on banks in Asia-Pacific. About three in four, or 76 percent of respondents said regulatory reforms would have an impact on their business. More than half said these regulatory reforms would likely mean changes to their banks' business models. Almost half or 48 percent expect their banks would need to raise additional capital.

Companies must not lose emails from their customers, suppliers and partners.

Fundtech Ltd., a market leader in global banking solutions, announced the results of a survey on mobile corporate banking.