HSBC

AppWizard
November 13, 2024
NatWest has blocked messaging platforms like WhatsApp, Facebook Messenger, and Skype on company devices in the UK to ensure employees use only approved channels for communications. This decision is due to concerns about the retrievability of messages on these platforms, particularly given WhatsApp's encryption and disappearing message features. The Financial Conduct Authority (FCA) is considering an investigation into the use of messaging services in the banking sector. In the US, banks like HSBC and JPMorgan Chase have faced penalties for failing to comply with record-keeping regulations. In the UK, Ofgem fined Morgan Stanley £5.4 million for not retaining electronic trading communications that included WhatsApp discussions. NatWest's policy change reflects a trend in the financial sector towards stricter communication protocols.
Tech Optimizer
September 20, 2024
Global law firm White & Case LLP advised the joint bookrunners on PKO Bank Polski S.A.'s inaugural green issuance of €750 million in 3.875% senior non-preferred notes, maturing in 2027. The joint bookrunners included Banco Santander, Erste Group Bank, HSBC Continental Europe, Landesbank Baden-Württemberg, and Powszechna Kasa Oszczędności Bank Polski S.A. The notes were issued under PKO Bank Polski's updated €4 billion Euro Medium Term Note (EMTN) Program and are listed on the Luxembourg Stock Exchange and the Warsaw Stock Exchange. The net proceeds will finance eligible assets in line with PKO Bank Polski's Green Bond Framework. This is the fourth time White & Case has advised the joint bookrunners under the EMTN Program. The team included partners Marcin Studniarek and Stuart Matty, local partner Bartosz Smardzewski, counsel James Clarke, and associates Michał Truszczyński and Dawid Książek.
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