Tuesday, November 15, 2011

Banking Trends Worlds

BANK WORLDS INTERNATIONAL The World Bank has not undergone major changes over the last three years, and demonstrate the results of these events in 2011 will continue. shows responses to the economic and financial crisis, consumers have less tolerance for risk, tolerance for less government secrecy, more businesses and consumers move their money toward the shore. But these changes in 2011 in strengthening competition in the low-tax jurisdictions and more money flows between continents.

Here are some trends for 2011 clock:

    * Competition: Hong Kong, Singapore see competition as areas with low tax rates.

Emerging markets are the fastest growing high net worth individuals (those with assets of $ 1,000,000) in the world, a new stream of income for consumers, protection of wealth. This will help ensure continued growth in the offshore banking sector in low-tax jurisdictions, particularly since the Asian airports.

According to a KPMG report on corporate tax rates in Hong Kong "world average evolution of competition in the last ten years that many countries now have corporate tax rates similar or lower levels." low-tax areas are struggling to remain competitive in 2011 or tax rates are not enough to be competitive in the long term.

Hong Kong estimated last month that the economy as globalized world in 2010, is facing an intense challenge to maintain its status as number one in the context of globalization, "said Agnes Chan, Regional Managing Partner Ernst & Young , Hong Kong and Macao. "Despite its success should not be in the further development of the most globalized economy in the world, Hong Kong will rest on its laurels," said Chan.

    * Right: More transparency for individuals and financial institutions are required, followed by intensified efforts of criminal sanction.

A series of sanctions imposed foreign bank in 2011, probably during its offshore facilities in the home of many organizations. Requirements include reports of assets stricter and more comprehensive protection of privacy loss, and more control throughout. The United States makes bank accounts for non-residents increased transparency. If the American member of the European Savings Directive (DUST), holders of non-US accounts information will be shared, reducing the attractiveness of investing in America. The directive will give the U.S. greater access to information about its inhabitants offshore bank accounts.

criminal enforcement efforts are also a priority for governments. The U.S. is also strengthening the enforcement and prosecution of tax evasion through offshore banks. But it could also mean more than a witch hunt, both for individuals and professionals who supported them, and most cases could set precedents and examples to do. Stricter regulation under the Bank Secrecy Act is seeing an increase in filing of returns (FBAR filings), strengthened programs against money laundering and reporting suspicious activities and transactions border. The IRS has announced plans for a new Offshore Voluntary Disclosure Program, but introduces introduce more stringent measures and the impact of a similar program two years ago.

    * Asset Protection: Investors head East.

With an atmosphere of increasingly unfavorable in offshore facilities in the West and the OECD countries, more investors away from Europe and the United States can led investments for individuals and institutions, their holdings by moving into emerging economies that offer growth prospects for the recovery phases to protect the global recession, and greater intimacy, as in Asia and the Middle East. This is potentially very damaging to these countries have called for greater penalties, such as the legal use of offshore financial centers is a major part of financial revenue for the British banking system and the U.S. - technically the largest offshore jurisdiction worldwide.

    * Technology: Trends, the easier it is to run the country.

A year ago, amid intense pressure from the IRS and the OECD, UBS Swiss bankers were convinced that the concessions of confidentiality would have minimal impact on the Swiss offshore financial sector. However, a recent case in which identities were sent WikiLeaks site, the ubiquity of the Internet, privacy is becoming a non-option for offshore banking services provider. The future of the industry is weak in the statutory tax hubs.

Growth in the cloud leads to more business in practice. Prepare yourself to handle more transactions on the Internet and to see more international business. The trends observed in 2011, including security threats for banks, the challenges and opportunities in atomization, Cloud Computing and key management.

    Consumer Behavior *

Much of what happens will be driven this year by consumer behavior. The recession and pauses property and stock markets, investors are scared away from risk.

In a recent interview with the magazine's financial assets, ABN AMRO Private Banking Asia CEO Hans Diederen, said the rich in the post-crisis environment, customers have seen their demand for more:
• Products: simple, most liquid investment products that offer more privacy.
• Diversification: the growing diversification in asset classes not stock (and bond funds, for example).
• Proximity: The closer to home investment and the region.
• Information: For more product information
But one thing has not changed, Diederen noted, "the appetite of customers' investment is still driven by market sentiment." With these consumer trends, offshore banking in Singapore and offshore banking in Hong Kong the best places for investment must be mitigated risks.

International Banking Online Transfer Worlds

INTERNATIONAL BANK WORLDS: The money will be transferred across continents everyday. People who send money abroad to relatives who live in their homeland. Foreign companies to work with people around the world in the employee's income to send by wire transfer procedures. Thus, the transfer of money something that happens on a large scale and on a daily basis. There are many ways to transfer money worldwide. Money can, the account holder's account and the account holders to withdraw money when he needs it to be transferred. But the transfer of the safest and most popular is the system of transfer or bank transfer. This is a money transfer by a person or institution to another. It is also possible to transfer money from one bank account to another account. Bank transfer is also possible in various offices of the designated cash. Transfer to transfer money for individual rather than a bulky amount, the contractor is not paid by bank wire group. The money is wired to an account holder of another person or institution.

Transfers are considered the safest and most reliable currency transfer. It is also one of the fastest ways to transfer money from one person to another. The person who wants to send money goes to a bank or exchange office that occupies the position of the transfer. The details of the transfer, including the recipient's name, bank account, amount, the city and country codes must be completed and submitted to transfer the amount. A bank or an office that sends money in the transfer of the sender's expense fee. This fee depends on the amount sent and have the receiver is charged. The bank then sends in contact with the receiving bank and provide the transfer details and details of the recipient. The transfer may take several hours, and in some cases one or two days. If the currency must be converted, then the exchange rate and the Commission has set before sending the receiver cut a bank account. The fees of the receiver to pay the amount he or she receives an amount slightly less than the actual amount. In this way, international bank accounts and profits generated funds.

Another form of transfer is the use of debit cards and credit cards. The electronic code on the back of the card with the bank account connected Inter and stolen each time by an e-store code is a transfer between the card account and bank account fund holders will be saved. Thus, the payment, an aspect often in everyday life and one of the best ways to use currency in international perspective transmission.