08/09/2012

Tokyo may deploy 1st Hong Kong inspector as banks expand

A Financial Services Agency (FSA) official would take charge of inspecting Hong Kong branch offices of Japanese lenders including Mitsubishi UFJ Financial Group Inc, Hiroshi Okada, a spokesman for the regulator, said by telephone yesterday.

08/08/2012

Chinese banks’ Weapons of Mass Ponzi

If you’re wondering what sort of assets that includes, Reuters wrote up an excellent investigation of the WMP scene, beginning with the case study of “Golden Elephant no. 38″ which promises a 7.5 per cent return.

08/08/2012

Standard Chartered’s ‘boring’ Asia story makes it a target

Standard Chartered has what its own chief executive has described as a “boring” business model of financing trade in and out of Asia, which means doing a lot of transactions involving foreign currency on one side and U.S. dollars on the other.

07/31/2012

Tibor & Sibor reforms set to follow UK

Although banks that participate in the setting of Sibor and Tibor are being scrutinized, sources do not expect a regulatory crackdown in either jurisdiction.

07/31/2012

Nomura Faces Penalties for Role in Insider Trading Scandal

The Securities and Exchange Surveillance Commission, which is the investigative arm of Japan’s Financial Services Agency, recommended that the regulator take unspecified disciplinary action against the country’s biggest brokerage, the SESC sai