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Enforcement
Japan FSA Takes Action Against Nomura Over Information Leak
By Editors | 29/05/2019
The FSA has issued a number of business improvement orders to Nomura after it was revealed that its employees had shared sensitive stock market information with clients.
Enforcement
SFC Fines China Merchants Securities for IPO Sponsor Failures
By Editors | 28/05/2019
China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.
AML / KYC
Japan FSA Orders Seibu Shinkin Bank to Improve Loan Screening
By Editors | 27/05/2019
The bank reportedly extended loans to persons connected to ‘antisocial forces’, and potentially executed over 100 fraudulent real estate loans.
AML / KYC
Five RCBC Bank Employees Charged with Money Laundering
By Editors | 25/05/2019
Five current and former bank employees have been charged with money laundering in the Philippines in connection with the 2016 Bangladesh Bank heist.
Enforcement
CICC Bankers Reprimanded for Altering IPO Documents
By Editors | 24/05/2019
Two CICC bankers have been named and shamed for altering the IPO application documents of a company seeking a listing on Shanghai’s new tech board.
Enforcement
Japan FSA to Issue Improvement Order Against Nomura
By Editors | 24/05/2019
The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.
Enforcement
RBI to Create New Unit to Strengthen Financial Sector Supervision
By Editors | 23/05/2019
The Reserve Bank of India has announced the establishment of a new unit to streamline its supervision and regulation of banks and financial companies.
Enforcement
Former DBS Hong Kong Sales Rep Jailed for Loan Fraud
By Editors | 22/05/2019
A former sales representative of DBS Bank in Hong Kong was last week sentenced to 14 months’ imprisonment for defrauding the bank of loans and commissions.
Capital / Liquidity
ANZ New Zealand Censured Over Internal Models
By Editors | 21/05/2019
The Reserve Bank of New Zealand has revoked ANZ’s right to model its operational risk capital requirements due to persistent failures in controls.
Enforcement
Ex-JP Morgan Managing Director Charged with Bribery
By Editors | 20/05/2019
A former JP Morgan Securities managing director offered to employ the son of a potential client as a reward for “showing favour” in hiring the bank for IPO sponsor work.
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