US authorities require Chinese companies listed in the US to abide by certain accounting standards. Many of these Chinese companies are unable to meet such demands because the information contained within their accounts is deemed to be a state secret. Recent fraud accusations involving Chinese companies have only served to highlight this problem, but any sort of resolution appears to be some way off.
Americas
Latest articles from Americas
Beyond Brazil: Latin America's capital markets gather momentum
February 1, 2013For years, activity in the Latin American equity capital markets had been largely limited to Brazil. However, this changed in 2012 when big deals in Mexico and Chile brought the countries to the fore. Is Brazil's dominance over for good?
Social banking in the omnichannel era
February 1, 2013Banks are no longer just competing with each other, they are also at war with a growing number of retailers and innovative start-ups that employ social media tactics to offer sought-after services. The Banker brought together a panel of banking experts to discuss the issues. This round table was sponsored by Cisco, but independently written and edited.
US tightens leash on foreign banks
January 28, 2013The desire of the US Federal Reserve to create more uniform supervision of foreign bank subsidiaries is understandable, but its proposals risk cutting across international efforts at regulatory coordination.
Regulation drives alternative lenders out of the shadows
January 2, 2013Non-bank organisations are increasingly engaged in bank-like activities, filling the gaps that banks are leaving and finding entirely new opportunities, which has led authorities to take note and tighten up the regulatory and supervisory framework for the shadow banking system.
Global banks wait for regulatory stars to align
January 2, 2013Banks that operate across borders must tackle differences between jurisdictions in a context where most regulators are intensifying the scrutiny of both balance sheet and strategy.
US regional banks find different paths to growth
January 2, 2013While many of the US's local lenders were hit by the subprime crisis, most of the larger regional banks are now back in growth mode. The Banker profiles four such banks.
Peru's finance minister refuses to rest on his laurels
January 2, 2013Peru is one of the fastest growing economies in South America and is making strong progress in developing its infrastructure to establish itself as a gateway between Asia and Latin America. However, its finance minister is still focused on boosting the country's prosperity and eradicating poverty.
Banks’ capital management more important in new world
January 2, 2013New regulations and resolution and recovery regimes are forcing banks across the world to change their models and strategies. While much is still uncertain, it is clear that how they manage their capital levels and funding will be crucial to determining what business lines they can go into.
Outcome of Basel III’s LCR and NSFR still uncertain
January 2, 2013Banks have struggled with the implementation deadline of Basel III regulations, due to differing approaches to the two key liquidity and capital measurements. So, what is the outlook for the implementation of Basel III?