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 A recent survey of banks in South-East Asia, conducted by SunGard and IDC Financial Insights, highlighted the emergence of institution-specific business strategies as banks address their post-crisis opportunities and threats.

The U.S. and Europe broadly agree on the need for reform of the financial system, but global cooperation is needed, Treasury Secretary Timothy Geithner said Thursday. He also said countries are working together to balance cutting back their deficits with supporting economic growth.

Risk management processes and governance within the financial service industry need to be strengthened if future credit crises are to be avoided, a new report has claimed.

At EBAday BIS announces the phased availability of its FaaS service starting 12 July.

Wegelin Fondsleitung AG has completed its implementation of Asset Arena Investment Accounting, SunGard's global investment accounting and reporting solution.

US Federal Reserve chairman Ben Bernanke mounted a staunch defence of central bank independence Wednesday, in a message tailored as much to Washington lawmakers as his Japanese hosts.

Annual survey also shows e-bill usage grew nine percent in one year.

U.S. Treasury Secretary Timothy Geithner said Washington is getting its deficits under control and called on China to keep technology markets open in a visit Tuesday to a school for future Communist Party leaders.

Europe's economy will stagnate unless governments make major reforms to boost growth — just as they rein in spending to curb soaring debt levels, the European Union's economy chief warned Tuesday.