All posts tagged "Standard Chartered"
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267FeatureMAS Awards StanChart Special Privileges for ‘Significant Rootedness’
The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.
August 4, 2020 -
1.2KCapital RegulationHSBC’s Historical and Regulatory Dilemma Exposed
Financial markets are still reeling from the regulatory implications of HSBC’s support for China’s national security law in Hong Kong, says Peter Guy.
June 25, 2020 -
449AML / KYCUK FCA Fines Commerzbank $47m for 5 Years of AML Failures
Commerzbank's London Branch failed to conduct periodic due diligence on clients, address transaction monitoring weaknesses, and to have adequate CDD policies and procedures in place.
June 19, 2020 -
1.2KAML / KYCTwo Singaporeans Charged for Cheating Eight Banks
Two former employees of a crude oil products supplier allegedly created fictitious sales contracts and invoices to obtain $340mn in financing from eight banks.
June 16, 2020 -
2.3KFeatureXiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank
Airstar Bank commits to becoming "Everyone’s Bank", contrasting itself with conventional banking models which focus on high net-worth individuals.
June 11, 2020 -
507Market InfrastructureBNY, Deutsche to Set Up FX Trading Infrastructure in Singapore
Seven major firms have already set up FX pricing and matching engines in Singapore, the result of a MAS initiative to lower routing latencies in the city-state.
June 9, 2020 -
1.2KChinaChinese Regulators Respond to US Threat Against Hong Kong
The PBOC and CBIRC have offered assurances that Hong Kong's status as an international financial centre will not be jeopardised under the new national security law.
June 8, 2020 -
1.3KContributed ArticleHow Singapore’s New Rate Will Change the S$3.5tr Derivatives Market
With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.
June 1, 2020 -
601FeatureLCH Launches Central Clearing for Derivatives Referencing SORA
The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.
May 19, 2020 -
540ChinaChina to Allow Foreign Banks’ Local Branches Fund Custody Licence
Under the trade agreement with the US in January, China committed to allowing branches of US financial institutions to provide fund custody services in the country within five months.
May 13, 2020
