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Daily Dispatches: regulator reviews bank pay

The Monetary Authority of Singapore will review how the boards of banks and life insurers manage risks and set pay policies.

(Asia One)

China's banks have gone on a lending spree in 2009, spurred by a combination of loose monetary policy and a tacit assumption that the central and local governments will cover any losses. (China Economic Review)

Hong Kong will begin a long-awaited consultation later this year on whether to set up a new, powerful insurance authority outside the government structure. (South China Morning Post)

The slump in the job market has hit recruiters in Australia, forcing some to cut staff, or even resort to questionable methods as competition for survival heats up. (Business Day)

The Kiwi bank employee behind a decimal point blunder that handed millions to a fugitive couple is set to get the sack. (News.com.au)

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