Australian banks paid an additional $16.7mn to compensate customers affected by “non-compliant” financial advice between 2009 and 2015.
Banking regulator seeks to send a warning to financial institutions of the consequences of misbehaving
Central bank audits failed to detect loan fraud using Punjab National Bank guarantees for over seven years; overseas branches which granted loans also under scrutiny.
New products will allow SGX participants to maintain exposure to India’s capital markets, following the decision to stop issuing market data licenses to overseas exchanges.
Indian Exchanges to Launch Cross-Currency DerivativesFebruary 22, 2018
Indonesian Banks Start AEOI Registration to Report Customer DataFebruary 22, 2018
Australian Banks’ Bill for Dodgy Financial Advice Hits $40mnFebruary 22, 2018
New KYC Norms a Turn-off for India’s Mobile Wallet UsersFebruary 22, 2018
CBRC to Name-and-Shame Banking WrongdoersFebruary 22, 2018
S.Korea to ‘Encourage’ Banks to Deal with Crypto ExchangesFebruary 22, 2018
New Zealand Regulator Flags Market MisconductFebruary 22, 2018
RBI Under Fire for Failure to Detect $1.8bn Loan FraudFebruary 21, 2018
Chinese Exchanges to Acquire Stake in Bangladeshi BourseFebruary 21, 2018
APRA Capital Framework Revisions Credit Positive for Banks – Moody’sFebruary 20, 2018