The Hongkong And Shanghai Banking Corporation Limited (HSBC)

HSBC appoints Gilbert Ng as Singapore head of global banking - THE EDGE SINGAPORE

New appointments

HSBC appoints Gilbert Ng as Singapore head of global banking

Ng was formerly the head of corporate banking, Singapore, at Citigroup.
HSBC CEO Quinn unexpectedly steps down; bank to find replacement - THE EDGE SINGAPORE

Banking & finance

HSBC CEO Quinn unexpectedly steps down; bank to find replacement

Quinn was appointed permanent CEO in March 2020, having led the bank for several months.
MAS launches information-sharing platform to combat financial crime; six commercial banks participate - THE EDGE SINGAPORE

Anti-money laundering

MAS launches information-sharing platform to combat financial crime; six commercial banks participate

The platform, named COSMIC, allows FIs to share customer information if there are “red flag” behaviours.

Funds

HSBC introduces new venture debt offering and Asean growth fund aimed at Singapore’s new economy businesses

The latest funds complement the bank’s existing US$200 million new economy lending fund, which was launched in 2021.
China property risks and Fed pivot puts pressure on HSBC, StanChart - THE EDGE SINGAPORE

Banking & finance

China property risks and Fed pivot puts pressure on HSBC, StanChart

Slimmer margins are predicted for HSBC and Singapore lender UOB.
In conversation with StanChart, Citi and HSBC sustainable finance heads - THE EDGE SINGAPORE

Environmental, Social and Governance

In conversation with StanChart, Citi and HSBC sustainable finance heads

As we enter the new year, The Edge SG speaks to sustainable finance heads at these three global banks to learn how they operate.

Disruption and Digitalisation

HSBC Singapore launches automated blockchain-based payments platform for property developers

The pilot was executed for Property Enterprises Development, joint developer of One Raffles Quay and Marina Bay Financial Centre.

Artificial Intelligence

MAS-led consortium releases version 2.0 of open-source framework on responsible use of AI in finance

The consortium is made up of 32 industry players and is meant to provide guidance to firms on how to use AI responsibly.

Singapore economy

'Premature' to assume MAS will take risk-based approach to monetary policy: HSBC

HSBC believes inflation is no longer "as urgent" a problem for the MAS as it was last year.
Becoming fit for the future with supercomputing and cloud - THE EDGE SINGAPORE

Digital Economy

Becoming fit for the future with supercomputing and cloud

Technology can enhance organisations’ capabilities, which could help make the world a better place.
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