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Australian banks may struggle to meet data gathering component in APRA's new reporting standards
Date: Nov 21, 2012
Author: Esther Tan
Categories: Australia, Basel III, Regulation, Risk and Regulation
Keywords: APRA, ADI, LCR, NSFR, MLH, John Laker, RBA, Liquidity Risk
Although APRA’s liquidity reporting guidelines are still conceptual, Australian banks are bound to be tied to more stringent reporting compliance compared to most countries.
Top level shakedown at Citigroup leaves air of uncertainty
Date: Oct 17, 2012
Author: Timothy Shim
Categories: Capital & Strategic Issues, Leadership, Risk and Regulation, Saudi Arabia
Keywords: Vikram Pandit, Citigroup, Michael Corbat, Smith Barney, Sheila Bair, John Havens, Brian Leach
Famously known as the $1 CEO, Vikram Pandit has left Citigroup with immediate effect, along with president and COO John Havens. Will more follow?
Banks must modernise payments processes to stay relevant
Date: Sep 10, 2012
Author: Magessan Raj
Categories: Innovation, Payments, Technology & Operations, Transaction Banking
Keywords: Fundtech, Global PAYplus, Immediate Payments G3, GPP-SP, Gil Gadot, Gene Neyer, UK Faster Payments, RBA, BGC, PRT
The demand for real-time payments is slowly, but surely, rising, with Singapore banks selecting Fundtech’s Global PAYplus solution to streamline their workflows, while ensuring adaptability to future changes.
CFTC’s proposed OTC reform could result in additional risk and costs for markets
Date: Sep 04, 2012
Author: Magessan Raj
Categories: Markets & Exchanges, Regulation, Risk and Regulation, Trading & Data
Keywords: CFTC, SFC, ASIC, HKMA, MAS, RBA, Dodd-Frank, Gary Gensler, JPMorgan, Volcker Rule
Australian, Hong Kong and Singaporean regulatory bodies urge the CFTC to carry out further collaborations with foreign counterparts before finalising application of US derivatives regulations overseas.
Hudson’s closure shows independent research firms must adapt to survive in current climate
Date: Aug 23, 2012
Author: Magessan Raj
Categories: Operational Risk, Risk and Regulation
Keywords: Goldman Sachs, Hudson Street Services, SEC, NASD, Eliot Spitzer, Sanford Bragg, Integrity Research, Paul Warme, Lusight, Barbara Steiner, Portales Partners
Hudson Street Services’ failure highlights the strain faced by independent research firms after the financial crisis, and the need to evolve and move along with the times.
Are you a Volcker Rule FBO?
Date: Jul 31, 2012
Author: David Millar
Categories: Capital & Strategic Issues, Regulation, Risk and Regulation
Keywords: Volcker Rule, FBO, FFI, Dodd-Frank, FATCA, Patriot Act, Sarbanes-Oxley Act, 2008 Financial Crisis
David Millar, risk consultant, trainer and former COO at global risk management association, PRMIA, looks at the Volcker Rule and examines its impact on Asian banks.
LIBOR – will it, should it ever be the same?
David Millar, risk trainer and former COO at PRMIA, feels following the possible LIBOR rate fixing scandal, we should be looking at a mathematical and transparent way of fixing global base rates.
Contenders for OJK board seats unveiled
Indonesia has come a step closer to setting up a financial service authority with the candidate selection for commissioner posts at the Otoritas Jasa Keuangan now underway.
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