Currency crisis puts brakes on HSBC's speedy growth

Article Abstract:

HSBC Holdings PLC, the financial institution which runs Marine Midland Bank of the US, Midland Bank PLC of Britain, and Hong Kong & Shanghai Banking Corp. of Asia, is finding its efforts to transform itself into the top global bank hampered by the current currency crisis in Asia. It has discovered that the situation has made its significant territory in the profitable Asian and Hong Kong markets affected by the weak performance of the region's currencies. Markets have already indicated signs of the risks incurred by HSBC Holdings in Hong Kong.

Administration of General Economic Programs, Currency Stabilization Programs, Economic aspects, Hong Kong, HSBC Holdings PLC, Currency devaluation, Devaluation (Currency), Currency stabilization

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Hong Kong fears loopholes

Article Abstract:

Incompetent regulatory measures have aggravated the condition of Japan's ailing financial sector. Recent reports revealed that major gaps in the decision made by securities and banking authorities were responsible for the closure of several securities companies in the country. One of the most interesting cases involves C.A. Pacific Finance Ltd, which was compelled to terminate its share-financing business after regulators failed to anticipate liquidation problems.

Investment Banking and Securities Dealing, Security and Commodity Services, Securities Services, Evaluation, Laws, regulations and rules, Securities industry, Securities, Fiscal policy, C.A. Pacific Finance Ltd

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BIS membership offers China prestige, as well as tougher financial rules

Article Abstract:

Analysts agree that China's admission into Basel, Switzerland-based Bank for International Settlements (BIS) reflects on the country's growing financial clout as well as its status as a major economic power. However, they also warn that BIS membership entails compliance with the exclusive group's stringent financial standards. Many Chinese banks which claim to meet BIS requirements often base their statements on inaccurate data.

China, Membership, Bank for International Settlements

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