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Austral-Asia

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The level and extent of resolving structural banking sector problems in the aftermath of the Asian financial crisis have varied across the region, resulting in different degrees of stability. Asian economies are taking a range of approaches to restructure their banking sectors in line with their specific characteristics and complexity of problems faced. At the same time new challenges and opportunities are arising from global financial market trends and developments and from World Trade Organization commitments. South Korea, China, Japan, Singapore and India are making strides to encourage more bank regulation as globalization has encouraged foreign bank entry into the region.

Banking sector restructuring measures, in turn, have impacted on the way non-financial enterprises function and raise financing. Current pressures in the Australian and New Zealand financial systems involve consolidation among the largest banks, the formation of large financial conglomerates, and greater opportunities for smaller niche institutions provided by technological developments.

For further information on the Austral-Asian Banking System, click on the following Central Bank Links:

Australia
Reserve Bank of Australia: http://www.rba.gov.au

Singapore
Monetary Authority of Singapore: http://www.mas.gov.sg/

Hong Kong
Hong Kong Monetary Authority: http://www.info.gov.hk/hkma/

India
Reserve Bank of India: http://www.rbi.org.in/

China
The People’s Bank of China: http://www.pbc.gov.cn/english

South Korea
Bank of Korea: http://www.bok.or.kr/index.jsp

Japan
Bank of Japan: http://www.boj.or.jp/en/index.htm

 

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National Community Reinvestment Coalition Global Fair Banking Initiative