Financial Reforms

Moody's forecasts bleaker profit prospects for Chinese banks

Moody's sees bleaker prospects for Chinese banks

Rising competition and a squeeze on net interest margins will dampen profit prospects for mainland banks over the next 12 to 18 months, according to global credit rating agency Moody's.

Friday, 23 November, 2012, 2:20am

Don't hold your breath for big bang China financial reform

Don't hold your breath for big bang China financial reform

There's been a lot of talk over the past week about how China's incoming generation of leaders are planning a massive liberalisation of the country's financial sector.

Don't hold your breath.

Outgoing president Hu Jintao turned the spotlight on financial reform last Wednesday in his address to the Communist Party's national congress.

8 May 2015 - 9:46am 1 comment

Stop rewarding bankers for risky bets, Obama says

Barack Obama addresses a campaign rally in Cleveland, Ohio, part of a last-ditch dash across all-important swing states. Photo: AFP

President Barack Obama has said the next important step for making the US financial sector safer is to make sure executive pay is less closely tied to risky bets.

27 Oct 2012 - 3:47am

These people will walk away from scene of the crash

Goldman Sachs chief Lloyd Blankfein, seen at the Clinton Global Initiative event, wants more investing, fewer rules. Photo: Bloomberg

Is it time to put the Great Recession behind us?

Not in terms of the economy – which remains bogged down with high unemployment, low growth and other aftershocks – but rather when it comes to demanding a rigorous effort to hold Wall Street bankers, traders and executives accountable for causing the financial crisis.

23 Oct 2012 - 4:19am

China fails to set timetable for financial reforms

Blueprint sheds no light.

True to form, mainland policymakers played safe in setting the latest five-year blueprint for the nation's financial sector, with no ambitious deadlines set for important reforms.

2 Oct 2012 - 2:46am

Beijing unveils financial blueprint

The mainland's central bank released the blueprint for the financial sector for the five years to 2015 yesterday, setting the tone for long-awaited financial reforms.

18 Sep 2012 - 2:13am