Under the Monetary Authority of Singapore’s Project Guardian, the development of a digital asset class could help relieve liquidity issues in trade finance. Kimberley Long reports.
Asia-Pacific
Caucasus banks benefit from Russian outflows
July 19, 2023Lenders in the Caucasus region have benefited from the turmoil resulting from Russia's invasion of Ukraine, while questions remain regarding Turkish banks as the new central bank governor and finance minister are appointed.
World
/ Asia-Pacific
/ China
Brazilian bank profits could rise as yuan gains traction
July 14, 2023While China and Brazil have set up infrastructure for renminbi clearing, Argentina repaid an IMF loan in yuan.
Singapore’s Project Orchid lets interoperable currency bloom
July 11, 2023Is Purpose Bound Money a game changer for the future of digital money?
World
/ Asia-Pacific
/ China
China Merchants Bank crowned best performer for third year
July 5, 2023China’s largest state-owned banks have retained their places at the top of the Top 1000 ranking, despite the strength of the US dollar affecting their core capital levels.
Bank Central Asia crowned Indonesia's best performer
July 5, 2023Indonesia’s banks have a weaker showing in the 2023 Top 1000 World Banks ranking, following a stellar 2022.
World
/ Asia-Pacific
/ Japan
Majority of Japanese banks see drop in Tier 1 capital
July 5, 2023Japan’s banks continue to struggle in the Top 1000 World Banks ranking, with all 82 banks except one seeing a decline in Tier 1 capital.
Slow growth hits South Korean banking sector
July 5, 2023South Korea’s banks remain well capitalised, but economic issues have impacted Tier 1 capital growth.
World
/ Asia-Pacific
/ Taiwan
Taiwan’s banks face challenging environment
July 5, 2023Taiwan’s banks have been affected by the country’s weak economic growth, which has seen the largest banks slip down the rankings.
State Bank of India moves up the regional ranking
July 5, 2023In Asia-Pacific (excluding China and Japan), Australia’s Commonwealth Bank has held firm at the top, but State Bank of India is nipping at its heels.