Enforcement

Enforcement

Cyber Threats Top ASIC Agenda

By Samuel Riding | 19/03/2018

Australian securities regulator warns on ‘malicious cybercrime’; says surveillance of OTC markets will be another 2018 priority.

Enforcement

S.Korea to Tighten Financial Holding Company Governance Rules

By Editors | 18/03/2018

Financial regulator says it will toughen rules on appointments amid corporate governance concerns re excessive influence, lack of innovation.

Enforcement

ASIC Mandates Banks’ Further Removal of Unfair Loans Terms

By Editors | 17/03/2018

New guidance ensures bank staff are held responsible for conduct and statements outside of formal contracts; removes borrower’s liability in the event of lender misconduct.

Securities / Derivatives

Shanghai, Shenzhen Bourses Draft Compulsory Delisting Rules

By Editors | 16/03/2018

False, misleading or fraudulent listing, restructuring documents or other disclosures including annual reports will trigger the delisting mechanism.

Enforcement

Deutsche Fined, Censured for HK Regulatory Breaches

By Samuel Riding | 15/03/2018

Securities regulator says fine would have been much higher were it not for self-reporting of breaches, cooperation in inquiry and ‘remedial measures’.

Enforcement

Australia’s Royal Commission Hears Bribery Allegations

By Garima Chitkara | 15/03/2018

NAB staff allegedly falsified documents to achieve home loan targets, branch managers colluded with loan introducers to manipulate incentive schemes.

Enforcement

CLSA Fined $1.15mn for Internal Control Failures – SFC

By Manesh Samtani | 15/03/2018

The firm failed to put in place controls to prevent co-mingling of agency execution and client facilitation services.

Enforcement

CSRC Issues Record $900mn Fine for Market Manipulation

By Samuel Riding | 15/03/2018

Staff at the firm and their associates alleged to have used more than 300 trading accounts to make illicit profits of $150mn.

Enforcement

MAS, CAD to Jointly Investigate All Capital Markets, Financial Advisory Offences

By Editors | 14/03/2018

MAS and CAD will consolidation investigative resources and expertise for all capital market and financial advisory offences, effective 17 March.