All posts tagged "Stanchart"
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794AML / KYCWhistleblowers Allege SCB Cleared $57bn in Iran Transactions
Whistleblowers reportedly claim that Standard Chartered Bank cleared more transactions in violation of Iran sanctions than the US government had used as its basis for fines issued in April.
July 22, 2019 -
1.3KFeatureMAS Issues Guidance on Responsible Use of AI, Data Analytics
MAS managing director Ravi Menon announced the release of the Fairness, Ethics, Accountability & Transparency, or FEAT, Principles at the Singapore Fintech Festival.
November 13, 2018 -
760Fintech / RegtechHKMA Launches Blockchain-based Trade Finance Platform ‘eTradeConnect’
Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.
November 1, 2018 -
515China
StanChart Becomes First Foreign Bank with Custody Licence in China
The CSRC has granted Standard Chartered Bank a domestic fund custody licence, which until now has been reserved for local institutions.
October 30, 2018 -
415ChinaPBOC Trials Blockchain-based Trade Finance in Shenzhen
Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.
September 6, 2018 -
1.7KFintech / RegtechHKMA Receives 29 Bids for First Round of Virtual Bank Licences
Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.
September 3, 2018 -
633InternationalSWIFT Pilots Enhanced Multi-Bank Cross Border Payment Standard
Pilot participants of SWIFT enhanced gpi standard include 10 multinational corporates and 12 banks; new standard to enable multinational firms to initiate and track gpi payments to and from banks in a single format and integrate payment flows with internal...
July 29, 2018 -
375EnforcementSFC Bans Former StanChart Securities Executive for Three Years
Joseph Hsu Kay Hing failed to exercise appropriate care in his responsibilities as sponsor principal and responsible officer during the supervision of a 2009 listing application.
July 20, 2018 -
396Fintech / RegtechHKMA to Launch Blockchain-based Trade Finance Platform by September
Platform will boost efficiency, lower costs and reduce fraud risks in trade finance for participating banks, which include HSBC, SCB, ANZ, BEA, DBS and Hang Seng.
July 18, 2018 -
423Big PictureIFRS 9 to Cause Volatility in Singapore Bank Profitability – Moody’s
The adoption of Singapore’s equivalent of IFRS 9 will be neutral for bank capitalisation, but changing risk and macroeconomic conditions could lead to varying levels of provisioning, says Moody's.
June 4, 2018
