The Royal Bank of Canada is now one of 30, global systemically important banks or G-SIBs, the Financial Stability Board said last night. RBC is one of the two largest banks in Canada. Groupe BPCE has been dropped from the list of G-SIBs, the FSB said. HSBC has failed in its appeal against a record fine set by Hong Kong regulators over the marketing and sale of derivative products by its Swiss private bank, reports the FT. The bank will have to pay HK$400 million (US$51 million), down from the HK$605 million initially demanded by the Hong Kong Securities and Futures Commission for the bank's decision to continue to sell products linked to Lehman Brothers until early September 2008, just two weeks before Lehman collapsed. Serious about its tech development, HSBC has appointed former Google engineering director Mike Warriner as chief information officer for its retail banking and wealth management digital division. Warriner spent five years at Google leading its Engineering site and AdSense Engineering, as well acting as European Chairman of Google Payments Ltd. Despite attempts by the Government to rein in online lending, unsecured short-term loans in China have now passed the 1 trillion yuan (US$151 billion) mark, reports Caixin. Research firm Wangdai  Zhijia projects the total amount of unsecured short-term loans in 2017 is set to be six times more than in 2016. There are now 2,693 online platforms in China offering loans, with many people taking out a loan from one platform to pay off loans from another.