All posts tagged "HSBC"
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617FeatureSingapore Accelerates Shift to Digital Economy
MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.
June 21, 2018 -
1.2KEnforcementSFC Fines Hang Seng Asset Management Arm
Hang Seng Investment Management fined HK$3mn for cash management failures involving SFC-authorised funds it manages from 2010 to 2016.
June 1, 2018 -
767AML / KYCHong Kong Money Laundering – The River Runs Through It
While Hong Kong struggles to reduce and contain money laundering activities at existing financial institutions, the role of cryptocurrencies in undermining compliance and enforcement capabilities is overlooked.
May 7, 2018 -
592Big PictureMoody’s Places HK Banks on Review for Upgrade
Hong Kong legislation enables authorities to achieve orderly resolution in the event of a bank failure and provides clarity on the effect on depositors and other creditors.
May 1, 2018 -
690Hong KongHKEX Appoints Laura Cha as Chairman
Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.
April 27, 2018 -
827Fintech / RegtechProfitability through Compliance Technology: Dreaming the Impossible Dream
Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.
March 5, 2018 -
609IndiaRecent Fraud Prompts India Trade Finance Freeze
RBI audit of bank liabilities forces freeze on new letters of credit; foreign lenders reluctant to accept guarantees from Indian banks.
March 3, 2018 -
865Australia & NZHSBC, Australian Trader Involved in Spate of US ‘Spoofing’ Cases
HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.
January 31, 2018 -
747Capital / LiquidityHSBC, StanChart Only HK Stocks to Fall Under MiFIR
Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.
December 29, 2017 -
677AML / KYCUS Lifts Threat of Criminal Charges against HSBC
Bank released from deferred prosecution agreement after meeting its terms; outgoing CEO says AML to remain ‘a top priority’ in 2018.
December 14, 2017
