Keywords: Richmond Fed, Jeffrey Lacker, Central Bank Of Nigeria, Central Bank Of The United Arab Emirates, FSS, SBV, Sanjiv Sud, HSBC

"We must make our exit from the bond-buying program quick."
Richmond Fed president Jeffrey Lacker feeling that the quantitative easing program had done little to boost the US economy.

The following are notes from our Monday morning meeting.

Assets held by top 100 global alternative investment managers reached $3.1t in 2012, representing over 60% of total $5.1t alternative assets under management worldwide.

UK's largest banks will from 2014 release data on domestic corporate and individual loans, enabling the government to examine areas in which Britain lacks funding.

Central Bank of Nigeria increased the cash reserve ratio on public sector deposits to 50% from 12%, aimed at stemming the build-up of oil-fuelled excess liquidity.

Central Bank of the United Arab Emirates data shows $8.7b in new loans approved for the first five months of 2013, outstripping the entirety of 2013.

Financial Supervisory Services South Korea will be split into two separate bodies by Q2 2014 to beef domestic consumer protection functions.

China ordered companies to close factories in 19 industries where overproduction led to price-cutting wars, in efforts to reduce reliance in investment and trade.

State Bank of Vietnam launched an asset firm to buy up the bad debts of its banks caused by a real estate market crisis and bankruptcy of at least 120,000 businesses since 2011.

Asian Banker Research found Thai banks' NPL ratio dropped from 7.5% in 2006 to 2.3% in 2012, due to write-offs and sales to asset management companies. Click here for more.

HSBC named Sanjiv Sud head of its retail banking and wealth management business in India, replacing Gannesh Bharadhwaj.

Australians spent $13.7b online in the first five months of 2013, up 18% YoY.