Singapore

Asia-Pacific a green field for banking technology adoption.

The lender will add 4,000 employees as it taps region’s emerging countries.

The October-December Hays Quarterly Report confirms that our jobs market is very healthy, but very tight, with a growing list of skills now in short supply in the banking and finance sectors.

Banking observers had previously suggested that the full Basel III package of capital and liquidity reforms proposed could reduce returns on equity in the sector by up to a third.

The notes rated Aa2 by Moody's are to be issued to Asian and European-based investors.

Bank of Singapore expects assets from European clients to double next year as they park their money in the Asia-Pacific.

Net profit is higher by $45mln than analysts had expected behind falling bad debt charges and higher insurance income.

Right now, enterprise mobility is the new buzzword in business, particularly in consulting and financial services, and organisations are investing heavily in it. In fact, according to a new report by Global Industry Analysts, Inc., the global enterprise mobility market may reach US $168 billion next year.

The OECD’s increasingly influential Forum on Tax Administration recently endorsed a global code of practice on tax for banks (the OECD tax code). The OECD tax code is described as a framework and adoption by OECD member countries is voluntary. However, regardless of the extent to which it is formally adopted by OECD member countries, it is likely to become influential in shaping tax governance standards for banks and relationships between banks and tax authorities globally, including in the Asia Pacific region.

Two Private Banking heads for Greater China and Singapore will succeed Monica Wong as Chief Executive of Private Banking in Asia.

Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.

Governments and businesses across Asia are not realizing their desired objectives despite spending billions of dollars on management and IT consultants who overpromise and not deliver to their potential.

The Monetary Authority of Singapore’s (MAS) tightening of monetary policy to benefit banks operating in Singapore, according to Moody's Investor Service.

The recent upheaval in the financial markets has opened a window of opportunity for institutions to build leading operational and technology platforms. Banks will need to transform their business models, support structures along with their products, pricing, and delivery channels to succeed in the new environment while meeting the threats imposed by non-traditional competition and changing regulation. Critical to banks efforts will be a combination of customer centricity and streamlining end-to-end processes across products or silos.

Lender expects to expand S$35bln private banking opertions by adding China, Indonesia, and India market.

Lender aims to beef up workforce by adding 1,200 as it plans to double SME clients.