ENFORCEMENT

Enforcement

S. Korea Indicts 38 Bankers in Recruitment Probe

By Manesh Samtani | 18/06/2018

Charges against current and former bank officials involve hiring misconduct, special favours; 87% of hiring irregularities occurred at either KB Kookmin Bank or KEB Hana Bank.

Capital / Liquidity

China Cracks Down on ‘False Inflation’ of Bank Deposit Levels

By Manesh Samtani | 15/06/2018

China’s top financial regulators have issued a new circular that prohibits banks from falsely inflating their deposits, a common practice to improve quarterly and mid-year performance assessments.

Securities / Derivatives

China Cracks Down On Zero-Fee Bond Underwriting

By Garima Chitkara | 14/06/2018

The CSRC and the Securities Association of China reportedly sent a notice to brokers asking them to stop underwriting bond deals for free, a common practice in the country to maintain relationships with key clients and underwriting standings.

Enforcement

China, Hong Kong to Deepen Cross-Boundary Market Surveillance

By JP Reimann | 14/06/2018

Regulators discussed collaboration on market surveillance, intelligence sharing, coordinated investigations, and the establishment of a notification mechanism for cases involving dual listed shares and cross-boundary market misconduct.

Enforcement

FS-ISAC Establishes Global Forum for Cyber Threat Information Sharing

By Garima Chitkara | 14/06/2018

Inaugural global community CERES Forum to bring together financial regulators, central banks and supervisors to combat cyber and physical crime, enhancing financial sector resiliency.

Enforcement

S.Korea to Strengthen Supervision, Consumer Protection

By JP Reimann | 11/06/2018

New task force to improve consumer protection by holding firms more accountable for unlawful sales of financial products and services.

Enforcement

CBIRC, SFC to Cooperate on Cross Border Supervision

By JP Reimann | 11/06/2018

New MoU to facilitate information exchange in the interest of investor protection, promoting competence and integrity of regulated entities, market and financial integrity, and maintaining financial stability.

Securities / Derivatives

SEBI Probes Leaked List of Companies Under Enhanced Surveillance

By Garima Chitkara | 11/06/2018

SEBI alleged that a list of 37 companies that were under the regulator’s Additional Surveillance Measure was leaked before the public announcement was made by the BSE.

Enforcement

S. Korea Regulator Probes Goldman Sachs for Short-Selling Settlement Failures

By JP Reimann | 11/06/2018

Goldman Sachs Seoul branch unable to buy back stock which it had sold short, indicating borrowed stocks were not in its possession at the time of short selling.