All posts tagged "Trade Finance"
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1.3KAML / 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 -
863Feature
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 -
1.1KFintech / RegtechSGX, AMTD Enter Partnership on Capital Markets Development
The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.
May 6, 2020 -
729AML / KYCOFSI Fines Standard Chartered $25m for Sanctions Breaches
Standard Chartered made a series of loans to a Turkish private bank, which at the time was almost wholly owned by Sberbank, a sanctioned Russian bank.
April 8, 2020 -
895Capital RegulationHKMA Frees Up Regulatory Reserves, Liquidity Buffers for Banks
Regulatory reserves held against possible credit losses will be reduced by half. Banks are encouraged to use liquidity buffers built up under the LCR and LMR regimes.
April 5, 2020 -
286Fintech / RegtechDBS Completes First Fully Digital Trade Financing Settlement on NTP
DBS was able to cut the trade financing processing time from about a week to under one working day, yielding greater operational efficiencies for trade partners.
February 10, 2020 -
420Hong KongHSBC Provides Relief to Customers Impacted by Outbreak
HSBC becomes the latest Hong Kong bank to announce relief measures for business owners impacted by the novel coronavirus and its effects on the economy.
February 10, 2020 -
429ChinaChina Banks, Insurers Urged to Develop Foreign Trade-related Services
New guideline asks banks and insurers to develop foreign trade-related financial services to help develop bilateral trade between China and key jurisdictions, including the 'Belt and Road' countries.
January 2, 2020 -
833FeatureHKMA Publishes Report on AI Adoption by Hong Kong Banks
The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.
December 24, 2019 -
1.7KBig PictureFintech Week: HKMA Announces New Fintech Initiatives
As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.
November 7, 2019
