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Periodic Essay
Implementation of anti-money laundering standards in Asia
Global money laundering and terrorist financing activities impose significant costs on the world economy by damaging the effective operations of national economies. In response to the challenges posed by these activities, Asian governments and regulators have strengthened their anti-money laundering (AML) and combating the financing of terrorism (CFT) regimes by adopting standards set by the Financial Action Task Force (FATF), an intergovernmental agency that develops and promotes policies to combat AML/CFT.
Periodic Essay
The changing landscape: Asias role in global finance -- report on a FRBSF conference
The evolution of Asias role in global finance was the topic of the Federal Reserve Bank of San Franciscos conference held on June 18 and 19, 2008. This international conference attracted over 150 central bankers, bank regulators, commercial bankers and market participants from North America, Asia, and Europe. This Asia Focus report summarizes the major themes raised in the conference discussions, looking first at challenges facing Asian economies and financial markets, then examining the outlook and market trends in Asian financial centers, consumer banking, Islamic finance, and Chinas ...
Periodic Essay
Global recovery: Asia and the new financial landscape
On June 7 and 8, 2010, the Federal Reserve Bank of San Franciscos biennial Conference on Asian Banking and Finance considered the Global Recovery: Asia and the New Financial Landscape. The Conference is the fourth in a series begun in 2007 to examine the role of Asia in global finance. This Asia Focus report, written by Chris Sigur, provides highlights of perspectives on the global financial crisis that were shared at the conference.
Periodic Essay
A comparison of loan loss allowance practices in Asia
This Asia Focus provides a brief background on loan loss allowance and the associated supervisory guidance in the United States and compares different applications of loan loss allowance regulatory and accounting standards in some Asian economies. The report also highlights proposed alternatives for reconciling the varying goals of loan loss allowance practices and provides a brief assessment of their potential impact on Asia.
Periodic Essay
Deposit insurance programs in Asia
Periodic Essay
China: an evolving housing market
Periodic Essay
Implementing international financial reporting standards in Asia: Bringing greater transparency and comparability to Asian banks financial statements
This Asia Focus reviews the status of the implementation of International Financial Reporting Standards (IFRS) in various Asian economies, discusses the benefits of using one set of internationally accepted accounting principles, and provides some background information on the ongoing reviews of different jurisdictions' accounting practices in connection with the federal banking agencies supervision of foreign banking organizations (FBOs) that operate in the United States.
Periodic Essay
Postal savings reform in Northeast Asia: Japan and South Korea
This issue of the Asia Focus is the first of a two-part series discussing recent developments affecting postal savings programs in Japan, South Korea, and China. Part One of the series reviews the historical underpinnings of the Japanese and South Korean postal savings programs and discusses recent reform efforts and current challenges. Part Two of the series will describe the development of the Chinese postal savings program and will provide a comparison of all three postal savings programs.
Periodic Essay
Postal savings reform in Northeast Asia: China
This issue of the Asia Focus is the first of a two-part series discussing recent developments affecting postal savings programs in Japan, South Korea, and China. Part One of the series reviews the historical underpinnings of the Japanese and South Korean postal savings programs and discusses recent reform efforts and current challenges. Part Two of the series will describe the development of the Chinese postal savings program and will provide a comparison of all three postal savings programs.