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SUB-PRIME CAR 2011 ? ? ? ?
BASEL III CAR 6% [2017]
BASEL IV CAR 7%
BASEL V CAR 8%
BASEL VI CAR 9%
BASEL VII CAR 10%
BASEL VIII CAR 11%
CHINA CAR AbOve 11.5% [2011] = BASEL IX
SINGAPORE CAR 8% [WHY 2019 ?]
O V E R H E A R D :
SINGAPRE Financial FallOut 2017 ? ? ? ?
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Lowest CAR for China's five commercial banks unchanged
 0 Comments Print E-mail Xinhua, April 26, 2011
Adjust font size:  
China's banking regulator said Tuesday that its lowest capital adequacy ratio (CAR) imposed on the country's five state-owned commercial banks has been 11.5 percent.
China has implemented differentiated capital control targets for the five banks under the regulatory system of CARPALs since the beginning of the year, said the China Banking Regulatory Commission (CBRC), adding that all the banks' CARs are set above 11.5 percent.
The CARPALs, a regulatory target system created by the CBRC in early 2010, consists of seven indicators concerning capital adequacy, asset quality, risk concentration, provisioning coverage, affiliated institutions, liquidity and swindle prevention control.
A previous report by Bloomberg News said China raised the CAR last month because of concerns over credit risks.
China's five state-owned commercial banks include the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, China Construction Bank, and the Bank of Communications.
pharoah88 ( Date: 29-Jun-2011 09:31) Posted:
Singapore incorporated banks will soon [2019 sO sOOn ? ? ? ?] be required to hold more capital exceeding the amount required under the new Basel III rules.
Minimum tier-1 capital ratio would be 8% compared to 6% Basel III.
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FIVE: Markets are quick to forgive and forget
Yes, there is a heavy price to pay for going hat-in-hand to the IMF.
The key will be conditionality.
There is much griping in Asia about how the terms of Greece’s IMF package are far less stringent than those forced on Indonesia, Korea and Thailand.
Fresh starts are possible, though, as the powerful gains in Asian markets over the last 14 years attest.
So drop the denial, Europe.
Let Greece do what it needs to do, even if it means default, and move on.
Asia shows there is life after crisis.
BLOOMBERG
William Pesek is a Bloomberg View columnist.
The opinions expressed are his own.
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FOUR: Growth beats taxes when repairing fiscal balance
JAPAN is a cautionary tale when it comes to rich nations getting incentives wrong.
It issued mountains of debt, assuming for 20 years that it was only one stimulus plan away from 5 per cent growth. That never happened.
Then, amid a ballooning budget deficit, it increased consumption taxes in 1997.
That killed a nascent recovery.
In the current global environment, growth is the route to balanced budgets, not higher taxes.
The latter would simply destroy the former.
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THREE: Don’t forget reforms
In all the obsessing over debt, European leaders are taking their eyes off the need to retool in a world increasingly influenced by China. Fiscal austerity is important, of course, but so is altering policies to make economies more nimble, competitive and conducive to entrepreneurs who create jobs.
In the years following its crisis, Asia worked to open service sectors to competition.
It also cut red tape and took steps to limit cronyism.
It is a work in progress.
Asia is still home to many of the world’s poor and corruption is pervasive.
What Asia got right is that crises cannot only be about austerity.
While you are trimming spending, you must be creative about generating new dynamism.
Since euro nations cannot resort to currency devaluation to revive growth, reform is the only way.
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SUB-PRIME CAR 2011 ? ? ? ?
BASEL III CAR 6% [2017]
BASEL IV CAR 7%
BASEL V CAR 8%
BASEL VI CAR 9%
BASEL VII CAR 10%
BASEL VIII CAR 11%
CHINA CAR AbOve 11.5% [2011] = BASEL IX
SINGAPORE CAR 8% [WHY 2019 ?]
O V E R H E A R D :
SINGAPRE Financial FallOut 2017 ? ? ? ?
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Lowest CAR for China's five commercial banks unchanged
- 0 CommentsPrint E-mail Xinhua, April 26, 2011
Adjust font size:
China's banking regulator said Tuesday that its lowest capital adequacy ratio (CAR) imposed on the country's five state-owned commercial banks has been 11.5 percent.
China has implemented differentiated capital control targets for the five banks under the regulatory system of CARPALs since the beginning of the year, said the China Banking Regulatory Commission (CBRC), adding that all the banks' CARs are set above 11.5 percent.
The CARPALs, a regulatory target system created by the CBRC in early 2010, consists of seven indicators concerning capital adequacy, asset quality, risk concentration, provisioning coverage, affiliated institutions, liquidity and swindle prevention control.
A previous report by Bloomberg News said China raised the CAR last month because of concerns over credit risks.
China's five state-owned commercial banks include the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, China Construction Bank, and the Bank of Communications.
pharoah88 ( Date: 29-Jun-2011 09:31) Posted:
Singapore incorporated banks will soon [2019 sO sOOn ? ? ? ?] be required to hold more capital exceeding the amount required under the new Basel III rules.
Minimum tier-1 capital ratio would be 8% compared to 6% Basel III.
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TWO: Recovery is quicker once debts are purged
Greece fudged its way into the common currency with the help of Goldman Sachs Group Inc’s financial creativity.
That leaves the government in Athens with a yawning credibility gap. When it says the country can close its budget deficit with stop-gap measures, traders roll their eyes and policy makers lose more sleep.
In December 1997, Korea caved in and sought a US$57-billion (S$70.8-billion) IMF bailout. It acted quickly to
let weak companies fail,
closed insolvent banks,
clamped down on tax cheats
and came clean about the magnitude of its debts.
Greece will have to restructure its debt, and the fallout from this will increase pressure on Portugal, Spain and Italy. [PIIGS] Ireland ?
If Greece had acted a year ago, markets might not be spending every waking moment on edge over how and when a default will arrive.
“Asia’s crisis showed that the quicker you deal with the root of the problem, however painful that may be, the quicker you are likely to recover from it,” says Mr Simon Grose-Hodge, head of investment strategy for South Asia at LGT Group in Singapore.
“Europe could do worse than to heed that lesson.”
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One: A default is unavoidable
What makes Europe’s bailout efforts so hard to watch is that they are so futile.
The Greek public has been very consistent about one thing:
The belief that it bears no responsibility for all the debt its leaders took on over the last decade.
If that does not provide the backdrop for debt repudiation, what does?
As Greece runs through more and more of the funds its European neighbours throw at it, other dominos will fall.
We saw that in Asia after Thailand devalued the baht in July 1997. Indonesia swore up and down it would not get dragged into Thailand’s mess — until it was. Korea assured the world it would avoid an IMF aid package — until it could not.
The US and Japan are near recession.
China’s boom continues to squeeze wages in uncompetitive economies such as Greece.
This won’t end well for the euro zone.
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Europe now is Asia in 1997
Why a crash is inevitable ?
William Pesek
Watching Greece slide into chaos from 6,000 miles away is painful. Asia, after all, was the last region to experience what Europe may be about to endure.
Asia’s implosion in 1997 toppled leaders, touched off riots, set back living standards a decade or more and tarnished the International Monetary Fund’s (IMF) reputation.
Expect similar developments as Europe’s grand monetary experiment cracks.
Asia and Europe are half a world apart and it is true that the differences are considerable.
Indonesia, South Korea and Thailand were much less developed 14 years ago than their euro-zone counterparts are today.
China had yet to emerge as a dominant manufacturing economy.
The United States was also in a better position to offer international assistance than it is today.
With that in mind, here are five lessons Europe might learn from Asia.
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After 1997 ASIA Financial Crisis, BASEL II was ImpOsed.
After 2007 WORLD Financial Tsunami, BASEL III is nOw ImpOsed.
By 2017, SINGAPORE Financial FallOut ? ? ? ?, BASEL IV wIll be ImpOsed ? ? ? ?
SUB-PRIME PROCRASTINATION TACTIC ? ? ? ?
BEST tO ImpOse BASEL IIIIIIII [8] nOw !
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Singapore incorporated banks will soon [2019 sO sOOn ? ? ? ?] be required to hold more capital exceeding the amount required under the new Basel III rules.
Minimum tier-1 capital ratio would be 8% compared to 6% Basel III.
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O V E R H E A R D :
C D C ? ? ? ?
anOther fOrm Of
G R C ? ? ? ?
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CDCs need to evolve to meet
changing needs of society: PM
HOE YEEN NIE
yeennie@mediacorp.com.sg
SINGAPORE
At their swearing-in yesterday, Mr Lee said that, as the Government continues to improve and refine the safety net to increase support to groups in need, the responsibility of the Community Development Councils (CDCs) will grow.
And he outlined the tasks ahead for the CDCs, and their Mayors, as the key agents in delivering help: To do more outreach, explore new programmes and give good support to grassroots leaders, their advisers and residents, In noting the reasons why CDCs have worked well — they are close to the ground and can tap on community support — Mr Lee also called for greater effort to gather more volunteers.
“In this way, we not only multiply the resources [frOm aIr ?] to help the needy, but at the same time, make sure the resources are delivered sensitively, with the right touch, and we foster a caring community,” he said.
The CDCs were formed in 1997 to administer social assistance schemes and to build bonds within the community.
And even as the Mayors should “always remember the basic ABCs” — assist the needy, bond the people and connect the community — Mr Lee said the Mayors have a key role to evolve the CDCs to meet the changing needs of society. — More targeted help for older Singaporeans and better ways to connect the community — these are among the priorities of the five Mayors, and some of their responses to the call by Prime Minister Lee Hsien Loong.
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Share Price is fAr belOw S$4.50.
CEO increased hEr sAlAry
from S$4.15 mIllIOn
tO S$4.50 mIllIOn ? ? ? ?
FACTUALLY
CEO sAlAry shOUld bE redUced tO
S$3.1 mIllIOn.
cOnflIct Of Interest [COI]
between CEO
and shArehOlders ? ? ? ?
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Customarily,
J U L Y
is B U L L
Citigold ( Date: 28-Jun-2011 11:39) Posted:
First lvl resistance @$2.01.Nd to break this first to see more upside for Genting SP
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inflating
COST OF LIVING ? ? ? ?
SALARY OVERHEAD ? ? ? ?
would be SUED in AMERICA ? ? ? ?
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By Bang, 27/06/2011
Lady Gaga sued over wristbands
A law firm is suing Lady Gaga, alleging she is profiting from the sales of her $5 Japan wristbands by deliberately inflating the shipping costs.
A law firm is suing Lady Gaga, alleging she is profiting from the sales of her $5 Japan wristbands by deliberately inflating the shipping costs.
Lady Gaga is being sued for $5 million over her charity wristbands.
The 'Born This Way' hitmaker is the subject of a lawsuit alleging she deliberately inflated the cost of shipping and handling of the 'We Pray for Japan' bracelets - which were being sold for $5, plus $3.99 for shipping and handling, and 60 cents for taxes - in order to profit from the charitable venture, which was initiated to raise money for the victims of the Japanese earthquake and tsunami.
On Gaga's website it stated that all proceeds from the sale of the 'We Pray For Japan' wristbands were going to the victims of the Japanese earthquake and tsunami.
Ari Kresch, an attorney with Michigan-based 1-800-LAW-FIRM, said: 'I'm suing Lady Gaga simply to hold her accountable for giving the money that she was raising for charity to the cause that she was trying to raise it for.'
The attorneys claim they have contacted Gaga's representatives, who refused to disclose how much money is being 'retained' by the star from the sales.
Alyson Oliver explained: 'When you use your celebrity and your power as a musician to take money from people under false pretences, that's just wrong.
'When we tried to communicate with the defendants in this lawsuit, all we got was, 'Well, some of the money is being retained, but we don't really know how much', is the essence of the response that we got.
'If the money were going to the right place rather than into the defendant's pocket, then I hope that our effort helps that.'
Gaga is still selling the wristbands on her website and it is alleged that she has now violated consumer protection laws in every US state.
In addition, some fans have complained that they have not received their wristbands yet.
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O V E R H E A R D :
many mIssIng hUsbands in
MALAYSIA & CHINA
nOt becAuse Of CASINO
bUt becAUse Of
" The Other WOmAn"
niuyear ( Date: 28-Jun-2011 16:24) Posted:
60 wives (mostly from above average households) lodged report on " missing husbands" cos husbands went Casino and owed money , dared not come back home.. SAD! wives waiting to make babies, honey not here.
These husbands should have put money 50% into stocks and they might not lose so much.
iPunter ( Date: 28-Jun-2011 16:09) Posted:
The amount of money waiting to be ploughed
into the market can be staggering. That will
cause a reversal too good to be missed.
well, hopefully anyway... no one can tell... 
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O V E R H E A R D :
many mIssIng hUsbands in
MALAYSIA & CHINA
nOt becAuse Of CASINO
bUt becAUse Of
" The Other WOmAn"
niuyear ( Date: 28-Jun-2011 16:24) Posted:
60 wives (mostly from above average households) lodged report on " missing husbands" cos husbands went Casino and owed money , dared not come back home.. SAD! wives waiting to make babies, honey not here.
These husbands should have put money 50% into stocks and they might not lose so much.
iPunter ( Date: 28-Jun-2011 16:09) Posted:
The amount of money waiting to be ploughed
into the market can be staggering. That will
cause a reversal too good to be missed.
well, hopefully anyway... no one can tell... 
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