Enforcement

Enforcement

US SEC Opens Preliminary Investigation into Archegos Collapse

By Manesh Samtani | 06/04/2021

Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.

Enforcement

Myanmar: Korean Banks Raise Vigilance After Employee Shooting

By Ranamita Chakraborty | 05/04/2021

A Shinhan Bank employee has died after being shot in the head by Myanmar’s military forces. Meanwhile, local private banks are being fined for remaining closed.

Enforcement

ASIC Bans Sale of Binary Options to Retail Clients

By Editors | 05/04/2021

The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

Capital / Liquidity

APRA Raises Macquarie’s Capital, Liquidity Requirements

By Editors | 02/04/2021

Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.

Enforcement

Malaysia Regulators Investigate Investment Scam Syndicate

By Editors | 01/04/2021

The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.

Enforcement

SFC Fines Black Marble Securities for Internal Control Failings

By Editors | 01/04/2021

The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.

Enforcement

SG Police Investigate Over 300 Individuals in Cases of Scams

By Editors | 31/03/2021

The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.

Enforcement

ASIC Reassesses Tools for Enforcing Disclosure Rules

By Ranamita Chakraborty | 30/03/2021

ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.

Enforcement

FCA, BOE Set Out Priority Areas for LIBOR Transition

By Manesh Samtani | 30/03/2021

Supervisory tools may be used to address insufficient progress and poor risk management or governance.