Supervising systemically important financial institutions needs more than just rules
by Liu Mingkang, Chairman, China Banking Regulatory Commission
The issue of wrong business models, coupled with an over-reliance on wholesale market funding, is one of the major factors contributing to the complexity and connectedness of financial institutions we are having today. In the last few decades, the culture of the financial system has shifted fundamentally from a credit based- to an equity based financial system, resulting in greater risk contagion and mismatch between markets, institutions and instruments.
Better dialogue can bring the industry back
by Martin Rogers
The financial crisis has forced the industry to grow up, but only real communication between banks and regulators will translate this maturity into workable solutions to structural problems.
Internationalising the RMB through cross-border trade settlement
by Chris Lewis, Head of Trade and Supply Chain, Greater China at HSBC
A critical factor for the success of the RMB cross-border trade settlement programme—and the key opportunity for banks—will be the pricing and availability of suitable bank products
Chinese banks and the US market: a moment of truth?
The ambition of China Minsheng Banking Group (Minsheng) to take over UCBH Holdings, in which it has a 9.9% stake—and thus become the first Chinese bank to acquire a US lender—is hardly a state secret. But the ninth-largest mainland lender’s plans seemingly have to be put on hold, due to loan provisioning and management control [...]
Taiwanese banks’ regional prospects
Taiwan may be protecting its state-owned banks in order to preserve the status quo; Taiwanese view banking as national infrastructure and expect it to be free, much to the chagrin of banks without state backing that need a steady stream of fees to make their businesses sustainable. The Taiwanese take a dim view of privately-owned banks that charge fees, flood the market with unsecured lending products and sell investment products made of pixie dust. Perhaps there is a natural limit to growth for these institutions until society can change.
Shanghai financial centre drive ramps up
Just back from Shanghai last week, scene of the second Lujiazui Forum which spotlighted the government’s ramped up efforts to develop the commercial hub into a full-fledged international financial centre by 2020. These efforts could spell good news for HSBC, Bank of East Asia and other foreign banks that set up local headquarters in Shanghai [...]
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