Enforcement

Enforcement

China Regulator Sees Spike in Market Manipulation

By Samuel Riding | 29/01/2018

CSRC representative says recent days have seen ‘unusual trading’ in some market segments and individual stocks.

Enforcement

ASIC Finds Clear Bias Towards In-house WMPs at Big Banks

By Garima Chitkara | 26/01/2018

The report says 68 percent of clients are heavily invested in banks’ in-house products; advisors may face bans if conflicts of interest are not managed better.

Capital / Liquidity

Single Branch of Chinese Bank Fined $72mn for Hiding Bad Loans

By Editors | 24/01/2018

Branch of Shanghai Pudong Development Bank admits fault for issuing more than more than $12bn to over 1,400 shell companies.

Enforcement

Singaporean Jailed for 4 Months for ‘False Trading’

By Editors | 24/01/2018

Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.

Crypto / Digital Assets

ASIC Seeks Stronger Powers to Combat Cybercrime

By Manesh Samtani | 23/01/2018

Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.

Enforcement

HKEX Issues Northbound Stock Connect Market Misconduct Guidelines

By Editors | 22/01/2018

Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.

Enforcement

Thailand Implements New Market Misconduct Penalty Scheme for Banks

By Editors | 20/01/2018

New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn baht per day.

Enforcement

HK’s Financial Reporting Council to be Given Extended Powers

By Editors | 20/01/2018

Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.

AML / KYC

US Fed Fines Taiwanese Bank $29mn for AML Failures

By Editors | 19/01/2018

US Federal Reserve Board cites deficiencies in Mega Bank’s operations, risk management and compliance controls in relation to AML and bank secrecy laws.