Month: November 2016

Having narrowly survived a financial crisis in 2011, Vietnam is rolling out reforms to tackle low capitalisation and high numbers of NPLs. But given that the country has yet to implement Basel II, will these reforms still leave the country’s lenders playing catch-up? Stefania Palma reports.

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American regulators show a foreign bank uncharacteristic leniency

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Sanctions with Chinese characteristics

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Agricultural Bank of China

UK Only Article: 
standard article

Issue: 

The new nationalism

Fly Title: 

Agricultural Bank of China

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NEW YORK

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THE fines paid to America’s financial regulators by errant bankers vary enormously these days: from sky-high to stratospheric. Deutsche Bank is fighting a demand for $14bn. BNP Paribas paid $9bn last year for facilitating the evasion of American sanctions. So eyebrows were raised at the final settlement disclosed this month between the state-controlled Agricultural Bank of China (ABC) and New York’s Department of Financial Services (DFS). The fine …

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A veteran of the financial crisis says banks need much more capital

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Kash call

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Banks and “too big to fail”

UK Only Article: 
standard article

Issue: 

The new nationalism

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Banks and “too big to fail”

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NEW YORK

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SINCE Donald Trump won the election, American bank shares have surged on traders’ hopes of a bonfire of financial regulations. So a proposal from Neel Kashkari, head of the Minneapolis Federal Reserve, vastly to increase capital requirements looks ill-timed. On the other hand, the plan mimics the direction—if not the extent—of one backed by congressional Republicans.
Mr Kashkari is an experienced financial firefighter. An alumnus of Goldman Sachs, best-connected of investment …

Issues relating to conduct are rapidly rising up the list of priorities for UK regulators, which is having a significant impact on the City of London. In an attempt to combat this, UK regulators have introduced the Senior Managers and Certification Regime. Justin Pugsley reports.

Traditional banks are launching or acquiring digital retail arms in order to accelerate modernisation across their organisations. Joy Macknight explores the various ways these institutions are making the most out of the new entities.

State Bank of India’s chairman, Arundhati Bhattacharya, talks to Stefania Palma about how she plans to meet Basel III capital requirements in 2019, the bank’s debut global coco bond and her enthusiasm for the Indian central bank’s rate cut.