All posts tagged "Standard Chartered"
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363Capital RegulationChina to Double Number of Firms Allowed to Securitise NPLs
Standard Chartered and the four large national bad debt managers are among the firms allowed to sell NPL-backed securities as China looks to expand its 2016 plan to clean up bank balance sheets.
December 3, 2019 -
253InternationalEP Association Adopts 4th Iteration of ‘Equator Principles’
DBS becomes the newest of 101 financial institutions to adopt the ‘Equator Principles’, a globally recognised framework for determining, assessing and managing environment and social risk in project finance.
November 21, 2019 -
342EnforcementChina Forestry Liquidators File Lawsuit Against Pre-IPO Auditor
The plaintiffs allege that KPMG “negligently failed to identify that they were the victims of a serious and pervasive false accounting by former members of executive management.”
November 5, 2019 -
437Capital RegulationHKMA, Hong Kong Banks Pledge Leniency for SME Borrowers
Nine major Hong Kong banks have pledged to help SME customers that encounter financial difficulties by adopting accommodative lending policies.
October 18, 2019 -
352Asia-PacificThailand, Clearstream Go Live with Cross-Border Funds Link
The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.
September 24, 2019 -
523Fintech / RegtechTaiwan FSC Clarifies Rules on Virtual Bank Boards
Banks cannot have executives or board members serving concurrently as directors or supervisors at the virtual banks in which they are invested.
September 13, 2019 -
473ChinaChina to Allow Foreign Banks to Underwrite Interbank Market Bonds
Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.
August 29, 2019 -
352ChinaPBOC Reforms Interest Rate Setting Mechanism
The new market-oriented mechanism for calculating the Loan Prime Rate is expected to lower the cost of borrowing nationwide.
August 19, 2019 -
933Feature
Taiwan Issues First Three Digital Bank Licences
The three digital only bank licences went to conglomerates led by Japan's LINE Group; Taiwan's Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.
July 31, 2019 -
988AML / 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
