All posts tagged "Trade Finance"
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493AML / 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 -
568Capital 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 -
248Fintech / 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 -
361Hong 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 -
394ChinaChina 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 -
737FeatureHKMA 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 -
1.6KBig 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 -
1.1KAML / KYCSingapore: New Platform Targets AML Risks in Trade Finance
The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.
September 9, 2019 -
634EnforcementGovt Panel Formally Recommends Complete Crypto Ban in India
An inter-ministerial committee has formally recommended a complete ban on cryptocurrencies in India and to punish any crypto-related activity with up to 10 years' jail.
July 24, 2019 -
1.1KFeatureFSB: Decentralisation Could Benefit Financial Stability
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
June 8, 2019
