ENFORCEMENT

Enforcement

BCBS Says Supervisors Should Boost Fintech Training, Regtech Use

By Samuel Riding | 04/09/2017

Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.

Enforcement

S.Korea to Curb Bank Chief Bonuses

By Samuel Riding | 04/09/2017

Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.

Enforcement

CSRC to Push ‘Central Surveillance System’ for Exchanges

By Samuel Riding | 29/08/2017

Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges’ front-line supervision, citing failures exposed by 2015 stock market turmoil.

AML / KYC

HK SFC, Police Join Forces to Combat Financial Crime

By Samuel Riding | 29/08/2017

Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.

AML / KYC

Australian Regulator Launches CBA Inquiry

By Samuel Riding | 29/08/2017

APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.

Enforcement

Korea Toughens Short-selling Rules

By Samuel Riding | 28/08/2017

Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.

Capital / Liquidity

Philippine Central Bank Strengthens Compliance Standards

By Editors | 28/08/2017

Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.

Market Infrastructure

Cybercrime Threatening Market Integrity – ASIC

By Samuel Riding | 23/08/2017

Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.

Enforcement

Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

By Editors | 23/08/2017

Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.