ENFORCEMENT

    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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