Posts By Editors, Regulation Asia
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594Former Hengfeng Bank Chairman Receives Death Sentence
Editors, Regulation Asia December 30, 2019A two-year reprieve means the sentence will likely be commuted to life imprisonment for the 70-year old former chairman, after he was convicted for bribery, corruption and embezzlement.
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826FINRA Fines Five Firms Over Custodial Accounts for Minors
Editors, Regulation Asia December 30, 2019Citigroup, JP Morgan, LPL Financial, Morgan Stanley and Merrill Lynch failed to properly monitor custodial accounts to ensure assets were transferred to beneficiaries once they came of age.
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524SEBI Introduces Mandatory Stewardship Code for Fund Managers
Editors, Regulation Asia December 28, 2019The new stewardship code will help institutional investors protect their clients' wealth, improve corporate governance, and promote the development and regulation of the securities market.
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654FSA Orders Insurance Sales Halt at Japan Post Amid Misconduct Findings
Editors, Regulation Asia December 28, 2019Two Japan Post Holdings subsidiaries are required to suspend insurance product sales for three months and submit business improvement plans by end-January.
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612Australia to Formalise ASIC-APRA Regulatory Cooperation
Editors, Regulation Asia December 28, 2019The legislation will oblige ASIC and APRA to cooperate, share information with each other, and notify each other if they have a reasonable belief that there has been a breach of the other’s legislation.
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603HKMA D-SIBs List Unchanged, HLA Requirement Adjusted for Two Banks
Editors, Regulation Asia December 28, 2019Compared with the December 2018 list, the HLA requirement has increased for Standard Chartered and decreased for Hang Seng Bank.
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SEBI Establishes Insider Trading Whistleblower Protection Office
Editors, Regulation Asia December 28, 2019The 'Office of Informant Protection' is charged with receiving and processing information on insider trading disclosed by whistleblowers, and with protecting their identities.
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800Korea FSC Sets Out Financial Policies Tasks for 2020
Editors, Regulation Asia December 28, 2019The FSC will expand funding for innovative companies and key industries, strengthen financial consumer protections, tighten mortgage lending rules, and facilitate debt restructuring.
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480Japan Unveils Final Report on Proposed TSE Reorganisation
Editors, Regulation Asia December 28, 2019The transition to three market sections is expected to be completed within H1 2022, but the changes will be implemented gradually in phases to mitigate the impact on listed companies.
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311CBIRC Inner Mongolia Official Under Corruption Probe
Editors, Regulation Asia December 28, 2019The case reportedly relates to the official's supervision of Baoshang Bank which was taken over by regulators in May due to "serious credit risks".
