Enforcement

AML / KYC

SEBI Bars 19 Firms for Depository Receipt Market Manipulation

By Editors | 07/09/2017

Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.

Crypto / Digital Assets

Hong Kong Joins Singapore, US in Labelling Some ICOs as Securities

By Samuel Riding | 06/09/2017

SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.

AML / KYC

Top CBRC Adviser Flags Failures to Address Operational Risks

By Samuel Riding | 06/09/2017

CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.

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.