All posts tagged "HSBC"
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365AML / 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 -
317Asia-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 -
737FeatureSWIFT Completes Latest gpi Trial with Singapore FAST
All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
July 22, 2019 -
608ChinaJPMorgan, Morgan Stanley to Take Control of China JVs
JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.
July 6, 2019 -
708ChinaChina to Remove Foreign Ownership Limits a Year Early
Premier Li Keqiang said at the World Economic Forum in Dalian that foreign ownership limits in the financial sector will end in 2020, ahead of schedule.
July 3, 2019 -
973FeatureHSBC Scraps Fees Ahead of Virtual Bank Launches
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
June 20, 2019 -
757ChinaUPDATED – Shanghai-London Connect to Start Trading 17 June
GDRs issued by Huatai Securities will be admitted to the Shanghai-London Stock Connect segment of the LSE on 20 June, when trading will commence.
June 13, 2019 -
439ChinaHuatai Confirms Intention to Float London Depositary Receipts
Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.
June 6, 2019 -
524EuropeISDA CDM Deployed in UK Digital Regulatory Reporting Pilot
The UK initiative is exploring the use of technology to help firms meet their regulatory reporting requirements and improve the quality of information reported.
May 23, 2019 -
610Fintech / RegtechMAS Considers the Value of Allowing Virtual Banks in Singapore
The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore's banking landscape.
May 8, 2019
