All posts tagged "HSBC"
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90Australia & NZASX Response on Tranche 1 Rules Changes for CHESS Replacement
ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.
May 25, 2020 -
381EnforcementSFC Declines to Take Action Against HSBC for No-dividend Decision
Some investors in HSBC alleged the bank failed to safeguard their interests. Others questioned whether the bank's discussions with the Bank of England were disclosed in a timely manner.
May 15, 2020 -
1.4KCapital RegulationHKMA Support Measures and the Impact to the Banking Industry
Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020 -
1.2KBig PictureRegulatory Initiatives to Address Culture & Conduct Risk in Banking
In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.
May 11, 2020 -
1.1KAML / KYCSingapore Police Raid ZenRock Following HSBC Allegations of Fraud
Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.
May 10, 2020 -
615Feature
Singapore: HSBC Seeks Court Order to Replace ZenRock Management
ZenRock is the latest Singapore commodities trader to come under scrutiny, for allegedly using the same cargo to secure financing from multiple banks.
May 8, 2020 -
370China
HSBC Seeks CBIRC Approval to Fully Acquire Insurance JV
HSBC's insurance unit has entered into an agreement to buy the remaining 50% equity interest in its China joint venture - HSBC Life China.
May 5, 2020 -
1.9KAML / KYCSingapore’s Financial Industry’s Role in Preventing Sanctions Evasion
Given its geographical location and reputation as a major finance and trading hub, Singapore firms need to take extra care to avoid implicating themselves in sanctioned transactions.
April 23, 2020 -
553EnforcementSingapore Police Open Probe into Renowned Oil Trader
Hin Leong Trading's founder admitted to concealing $800mn in losses from oil futures. The firm now unpaid debts of $3.85bn. Up to 23 banks are affected.
April 22, 2020 -
368AML / KYCHong Kong: SME Director Gets 44 Months Jail for Loan Fraud
The SME director was sentenced for conspiring to defraud five banks, the Trade and Industry Department, and the Hong Kong Mortgage Corporation.
April 20, 2020
