ECB mulls tougher bank loan rules

European Central Bank president Mario Draghi says the bank is creating a data network to monitor national banks' controls. Photo: Reuters

European Central Bank officials were considering new rules that would require banks to give more information about loans used as collateral for borrowing from the institution, a person with knowledge of the situation said.

Friday, 18 January, 2013, 5:27am

Letters to the Editor, January 17, 2013

Empty glass bottles can be easily recycled. Photo: May Tse

Banks should stop financing arms race

Calvin Quek of Greenpeace East Asia ("Green advocacy can help banks shed the spectre of scandals", January 5) calls on large international banks to redeem their blemished image by investing in "green" and low-carbon projects.

17 Jan 2013 - 2:06am

Chinese banks must raise their game

Out of step

With China's new administration in place, the National People's Congress and Chinese People's Political Consultative Conference will meet again in March to come up with a new framework for the next stage of China's economic growth. Boosting household consumption and private-sector-led growth will be at the top of the agenda.

15 Jan 2013 - 3:41am

China Merchants Bank family savings promotion criticised as 'sexist'

CMB described its programme as an efficient way for a couple to save. Photo: EPA

A mainland bank’s offer to automatically transfer most of a husband’s income to his wife’s account has provoked fury, with some calling it “the most atrocious banking service against men in history”.

On its website China Merchants Bank (CMB), a major financial institution, describes its “capital accumulation” service as a “time- and energy-efficient” way for a couple to save money.

14 Jan 2013 - 3:41pm

Ping An as seen by the media: tip-offs, denials and rows

Ping An as seen by the media: tip-offs, denials and rows. Photo: Reuters

The past week was hectic in terms of the news coverage of HSBC's deal to sell its stake in Ping An Insurance. Much of the focus was on who the behind-the-scenes buyer was.

Today, I will try to offer a personal look at the coverage from behind the scenes.

14 Jan 2013 - 8:17am

Beware of bankers under the influence of bonuses

Beware of bankers under the influence of bonuses

Imagine being in a car with a driver who differs from other drivers in two crucial ways. The first is that he is paid based on how fast he drives. For every 10km/h over the speed limit he doubles his wages.

10 Jan 2013 - 4:39am

Easing in liquidity rules raises banks' hope

The loosening of liquidity rules due to come into effect on banks raises hopes among some analysts of a recovery of lending in the euro zone.

The Basel Committee on Banking Supervision announced over the weekend that it would give banks more time to meet global liquidity rules, phasing them into force from 2015.

10 Jan 2013 - 4:21am

What can UBS learn from Charles Dickens' ghosts

What can UBS learn from Charles Dickens' ghosts

Like the Ghost of Christmas Past from Charles Dickens' beloved tale, A Christmas Carol, another scandal has come to spook an investment bank.

UBS closed the chapter on the US$2 billion rogue trader scandal in November, and has now settled with regulators, paying a record US$1.5 billion fine, for manipulating the London interbank offered rate.

5 Jan 2013 - 2:38am 2 comments

Cash is a big bonus but there are other means of just reward

Will your year-end bonus be coming soon? (Photo: George Chen/SCMP)

This time of year, the annual bonus is the talk of the town. Expectations in banking circles are running high, but the talk itself is kept pretty low. That's because since the 2008 global financial crisis, rewarding bankers has become a particularly sensitive topic.

31 Dec 2012 - 8:55am

Qianhai loans welcome but not big business

New rules from the central bank allow companies in Qianhai to take out yuan loans from Hong Kong banks. Photo: Edward Wong

While Hong Kong banks welcomed Beijing's initiative to let them make yuan-denominated loans to companies operating in Qianhai, analysts warned the amount of new business would be small, at least at first, and not lucrative.

29 Dec 2012 - 4:58am

Lessons learned bode well for Asian business

HSBC has noticed much keener demand for banking solutions that promote connectivity in Asian businesses. Photo: Reuters

This has been a tough year for business, but beyond the headlines is a compelling Asian story of robustness, adaptability and entrepreneurial flair that bodes well for next year.

24 Dec 2012 - 3:58am

HKMA probes UBS over rate rigging claims

The HKMA said it is investigating Swiss banking giant UBS. Photo: AFP

The HKMA said on Thursday that it would probe Swiss banking giant UBS over claims of possible rigging of Hong Kong’s interbank offered rate (Hibor).

20 Dec 2012 - 9:49pm

France defends banking reform

 French Finance Minister Pierre Moscovici has defended a long-awaited bank bill introduced this week despite critics that the government is not keeping its election promise to crack down on bankers. Photo: EPA

France has introduced a long awaited bank reform bill and dismissed criticism that the measures fell short of campaign promises by French President Francois Hollande to get tough on bankers.

French Finance Minister Pierre Moscovici said the reform was inspired by reforms currently being pushed through by the EU and was above all meant to ”protect the deposits of savers.”

20 Dec 2012 - 12:23pm

Tax probe places Deutsche Bank’s ethics in spotlight

Deutsche Bank co-chief executive Juergen Fitschen has proclaimed his innocence of being privy to a scheme to avoid paying sales tax in the trading of carbon emissions certificates. Photo: EPA

As Germany’s biggest lender, Deutsche Bank has for many people long symbolised everything that is wrong and immoral about the banking sector and its perceived culture of limitless greed.

17 Dec 2012 - 11:58am

Hong Kong may have its own way around bankers' bonus caps

Andrew Sheng, chairman of Securities and Futures Commission. Photo: David Wong

To most people, Christmas means presents. But to the banking industry, this Christmas may be more about Scrooge than Santa, warnings than gifts.

17 Dec 2012 - 12:02pm