All posts tagged "HSBC"
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431EnforcementSFC Fines HSBC HK$2.1m for Phone Recording Failures
Voice recording was inadvertently not enabled on some private banking service lines, resulting in over 5,800 client order instructions not being tape-recorded.
September 11, 2019 -
365ChinaChina to Allow Foreign Banks to Underwrite Interbank Market Bonds
Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.
August 29, 2019 -
301ChinaGoldman Files Application to Control China Securities JV
Goldman is seeking to bring its China business in line with its operations in other parts of the world – as its local partner folds its operations into the joint venture.
August 22, 2019 -
583Asia-PacificAPAC Not Fully Meeting IFRS 9 Disclosure Objective: Moody’s
Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody's says, describing HSBC Hong Kong and Hang Seng Bank as best in class.
August 13, 2019 -
439ChinaMorgan Stanley, JP Morgan Take Control of China JVs
Morgan Stanley has become the latest foreign firm to control a securities JV in China, while JP Morgan becomes the first foreign firm to own a majority stake in an asset management JV.
August 6, 2019 -
814Big Picture
Singapore: Two-Thirds of Consumers Willing to Try Digital Banks
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
August 3, 2019 -
449Capital RegulationUS Regulators Approve 82 Foreign Banks’ Resolution Plans
The Fed and FDIC have accepted the resolution plans of 82 foreign banks, and granted an extra year extension before the next resolution plans need to be submitted.
July 31, 2019 -
596Australia & NZAPRA Orders Three Banks to Tighten Group Funding Arrangements
Macquarie, Rabobank and HSBC had provisions in group funding agreements that could allow funding to be withdrawn in a stress scenario, potentially undermining their stability.
July 25, 2019 -
1.1KAML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
560Asia-PacificBOT Concludes Project Inthanon’s Second Phase
Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.
July 22, 2019
