All posts tagged "DBS"
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376Capital RegulationIndian Government Green-lights DBS Rescue of Lakshmi Vilas Bank
All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.
November 27, 2020 -
426ChinaSingapore, Chongqing Work to Enhance Financial Connectivity
MAS managing director Ravi Menon spoke of collaboration between the two cities on trade, cross-border lending, green finance, and disaster risk insurance.
November 26, 2020 -
325Capital RegulationRBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank
The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank's board due to its "rapidly deteriorating financial position".
November 18, 2020 -
954FeatureSWIFT Completes Another gpi Pilot with UK Faster Payments
Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.
October 12, 2020 -
1.1KFeatureSingapore Banks to Develop Trade Finance Registry to Combat Fraud
DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.
October 7, 2020 -
1.3KFintech / Regtech
SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents
The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.
October 6, 2020 -
462Market Infrastructure
DBS, ICBC Issue First Club Loan Pegged to SORA
The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.
October 1, 2020 -
1.2KAsia-PacificAnt Group Launches New Digital Trade, Financing Platform
DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.
September 30, 2020 -
1.1KAML / KYCMAS ‘Closely Studying’ Singapore Mentions in FinCEN Files
The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.
September 22, 2020 -
689Market Infrastructure
MAS to Intensify Supervisory Engagement to Drive SORA Transition
In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.
September 10, 2020
