ENFORCEMENT

Capital / Liquidity

China Financial Regulation Needs to be Stronger Still – IMF

By Samuel Riding | 17/08/2017

IMF praises measures such as inclusion of WMPs in bank assessments but cites concerns about growth in debt and banking sector assets.

AML / KYC

CBA in Alleged ‘Serious’ Breach of AML/CTF Rules

By Garima Chitkara | 03/08/2017

AUSTRAC began civil proceedings against the CBA for “serious and systemic” failure to comply with the AML and counter-terrorism financing laws.

Enforcement

Hong Kong Regulator ups Penalties Against Individuals

By Garima Chitkara | 01/08/2017

Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.

Securities / Derivatives

China Financial Futures Exchange Ups Enforcement

By Editors | 31/07/2017

Exchange says it addressed more than 600 ‘abnormal trades’ in 1H17 and referred nine cases to the securities regulator; keeping […]

Enforcement

ASIC Chief Sets out Firms’ Conduct Failings

By Editors | 27/07/2017

Chairman Greg Medcraft suggests firms aren’t linking conduct to other areas of risk; message might not be getting through to […]

AML / KYC

Singapore Banker Gets 2nd Conviction for 1MDB-related Offences

By Editors | 13/07/2017

Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.

Capital / Liquidity

Bank Risks Under Control, Market Supervision to Intensify – China Regulators

By Editors | 13/07/2017

Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.

Enforcement

Australia Launches Bank Management Accountability Consultation

By Samuel Riding | 13/07/2017

BEAR – Banking Executive Accountability Regime – would allow regulator to more easily ban directors and senior managers; influence remuneration policies.

Enforcement

China Regulators Target ‘Rat’ Traders

By Editors | 10/07/2017

Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big data as it continues crackdown.