Pay may be looking a little lacklustre globally, but this doesn’t appear to be the case in Asia.

According to Reuters, banks have been paying some enormous guarantees to secure senior bankers in Asia. Some people are reputedly being paid $10m for one year and $15m over two years.

In the UK, guaranteed bonuses are now frowned upon, and the FSA has outlawed guarantees lasting more than 12 months.

Daiwa wants to hire another 200 equities and derivatives staff in Asia Pac staff by 2012. (Bloomberg)

There’s lots of hiring in Australia. (MarketWatch)

US pay czar is about to release a detailed report on how much banks paid people during the financial crisis. (Wall Street Journal)

A league table of failed IPOs. (Wall Street Journal)

JPMorgan’s cutting energy trading jobs in London. (Evening Standard)

JPMorgan’s cutting prop traders too. (Dealbreaker)

There is no reason to suppose that this marks a shift towards banks becoming less profitable. (Financial Times)

US derivatives reforms will affect energy and commodity companies. (Financial Times)

US financial reform bill is 2,319 pages long and instructs government agencies to create new rules in 243 separate areas. (City AM)

Goldman Sachs spent 40% more on lobbying in the second quarter. (Huffington Post)

The UK really IS still a centre for investment banking. (Reuters)