Keywords: Thomas Hoenig, FDIC, Big Data, National Broadband Network

"All of the Basel capital accords, including the proposed Basel III, look backward and then attempt to assign risk weights into the future. It doesn’t work."
Thomas Hoenig, vice chairman, FDIC, on Basel III capital regime international regulators requiring banks to have more sizable buffers against losses. Hoenig will be a speaker at The Asian Banker Summit.

The following are notes from our Monday morning meeting.

Follow The Asian Banker Summit 2013 on-site updates on Twitter with #TABsummit

The Asian Banker Summit held in Jakarta this week will focus on cross-border integration, liquidity management, innovation in payments including the use of data and analytics, and more.

China’s total trade of $3.87t in 2012 surpassed the US, which registered $3.82t.

Regulators in Asia have taken a literal interpretation of the Basel III rules, with Hong Kong, Australia and Singapore having implemented the CVA capital charge from January 1 this year.

The market for Big Data technology and services will reach $16.9b by 2015, up from $3.2b in 2010, representing a 40% YoY growth rate.

Almost 12% of $60b remitted to Africa in 2012 was spent on transaction costs arising from poor payments infrastructure while global averages were 8.96%.

Kuwait will spend $2.6b to help citizens settle consumer loans taken from banks before March 2008, due to high interest rates and punishing repayment schedules.

Japan’s trade deficit more than quadrupled YoY to $3.7b in March 2013, up from $829m in 2012.

Chinese banks’ retail sales growth rate in Q1 2013 decreased 2.4% YoY to $887.22b due to government efforts to curb fiscal spending.

Vietnam had 53.3m bank cards as of November 2012, up from 40m in 2011, in a population of 88.7m.

Asian Banker Research shows the number of credit cards in Singapore grew at a CAGR of 10.9% over the past 5 years to reach 9.35m as of end 2012, in a population of 5.3m. Click here for more.

India’s public sector banks will be required to pay a 20% dividend from their 2012 capital or net profit to bridge the country’s fiscal deficit gap.

Australia’s National Broadband Network found demand for mobile data by consumers increased by 174% in the past 12 months.