Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ senior management have come under increasing regulatory scrutiny and in some jurisdictions proposals have been put forward to make it easier to make them accountable for their actions. To help you keep up to date with current developments, we have produced a comparative analysis of how senior management responsibility in banks is being treated in

For many Indonesians, the recent spike in goods and services has forced belt tightening, The Wall Street Journal Southeast Asia Real Time blog reported. Zainal, who sells fried rice on the side of a leafy Jakarta’s street, said he’s struggling to reduce his spending. He has been selling less fried rice as people are cutting back on eating out. “I’m making less money now than before,” Mr.