Securities regulator says bank was involved in unconscionable conduct in dealing with the benchmark rate during 2012.
HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.
CSRC representative says recent days have seen ‘unusual trading’ in some market segments and individual stocks.
Licensed corporations should ensure client suitability when recommending fixed-income and structured products, particularly for complex and risky products.
Korea Exchange says it will introduce AI system in July; could later expand to cover its secondary market, KOSDAQ.
Charles Li says HKEX to expand Shenzhen and Shanghai Stock Connect to include ETFs, but proposed Hong Kong-London equivalent on the backburner.
After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.
Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.
PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.
Regulator says money changers, remittance firms don’t need pre-approval for video-onboarding and other tech, but must have non-face-to-face procedures audited.