The firm failed to put in place reasonable controls to ensure non-proprietary orders received execution priority, prevent erroneous and disorderly orders being sent to the market.
The ACCC will examine a potential oligopolistic structure in Australia’s banking sector and review competitive practices that have allegedly led to higher barriers to entry for newcomers.
CBA and ANZ to pay $69mn and $36.4mn compensation, respectively, for failing to provide documentation of annual customer reviews.
SAFE has invited financial institutions to seek new quotas under the scheme; institutions' total QDII quota to be capped at 8 percent of fund assets, will not be allowed to apply for fresh quotas if under 70 percent of existing allocations are...
Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.
Licensed finance companies are required to enter into agreement with reputed credit agencies to obtain ratings by 30 April.
Taiwan FSC censured and demoted 54 managers at seven state banks for their involvement in a $679mn syndicated loan-fraud scandal.
Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.
Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.
Participating banks are now obliged to report to the police attempts to use ID cards that are fake or belonging to another person.