U.S.’s Announcement on Welcoming Fintech Companies as Special Purpose Banks: Implication on Hong Kong’s Deposit-taking Institutions
By EsqSocial Corporation 01/03/17
On 2 December 2016, the Office of the Comptroller of the Currency (“OCC”) in the U.S. announced its intention to take applications from fintech companies that wish to obtain a special purpose national bank charter (“The Announcement”). In line with...
By: Bryan Cave