THE CENTRAL BANK OF RUSSIA (CBR) sparked a mini banking crisis last month after it used new anti-money laundering laws for the first time to strip a bank of its licence.

Premier Yu Shyi-kun appointed Taiwan Sugar Corp chairman Kong Jaw-sheng to head Taiwan’s new Financial Supervisory Commission (FSC), which will begin operation on July 1.

HSBC’s purchase of a minority stake in a private Indian bank has been pruned to 14.6%, confirming that the move made last year by the Indian government to raise the foreign investment limit in private banks to 74% is not an open invitation to foreign banks.

Asia Pacific’s geographical diversity makes the idea of a regional approach to custody seem far-fetched. But, as Francis Maguire reports, if the Japanese market can be cracked, then a regional solution may be possible.

French government efforts to encourage mergers between state-owned and private banks are paying off, says Jan Wagner. But Germany’s Sparkassen are resisting efforts to get them to follow suit.

Turkey is endeavouring to meet requirements for EU membership by extending its IMF standby agreement to combat spiralling debt while attempting to recoup money that was used to rehabilitate shaky private banks. Metin Demirsar reports from Istanbul.

Jules Stewart reports on the main points raised at The Banker’s Banking on Russia conference.
Three leading market participants addressed a conference on Russian banking organised by The Banker on May 24 to review progress made in reforming the sector and assess the outlook for future progress.

Ben Aris reports from Kiev on the benefits that the new eastern bloc CES alliance is expected to bring and on the country’s growing relationship with the EU.
The leaders of the four biggest countries in eastern Europe gathered in the Crimean resort of Yalta in May to create their answer to the EU: the Common Economic Space (CES). The new free trade zone is designed to feed flourishing economic growth in Russia, Ukraine, Kazakhstan and Belarus.

Ben Aris reports from Kiev on the shape of the banking sector and banks’ strategies to build up universal business now that the economy is faring well.

Serhiy Tihipko, chairman of the National Bank of Ukraine, talks to Ben Aris in Kiev about economic progress and developments in the banking sector.