Enforcement

Enforcement

Japan FSA to Issue Improvement Order Against Nomura

By Editors | 24/05/2019

The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

Enforcement

RBI to Create New Unit to Strengthen Financial Sector Supervision

By Editors | 23/05/2019

The Reserve Bank of India has announced the establishment of a new unit to streamline its supervision and regulation of banks and financial companies.

Enforcement

Former DBS Hong Kong Sales Rep Jailed for Loan Fraud

By Editors | 22/05/2019

A former sales representative of DBS Bank in Hong Kong was last week sentenced to 14 months’ imprisonment for defrauding the bank of loans and commissions.

Capital / Liquidity

ANZ New Zealand Censured Over Internal Models

By Editors | 21/05/2019

The Reserve Bank of New Zealand has revoked ANZ’s right to model its operational risk capital requirements due to persistent failures in controls.

Enforcement

Ex-JP Morgan Managing Director Charged with Bribery

By Editors | 20/05/2019

A former JP Morgan Securities managing director offered to employ the son of a potential client as a reward for “showing favour” in hiring the bank for IPO sponsor work.

Enforcement

UPDATED – Former CSRC Chief Under Investigation in Corruption Probe

By Editors | 20/05/2019

Liu Shiyu, the former head of the CSRC who was replaced in January, is now under investigation in a corruption probe.

Enforcement

European Commission Fines Five Banks Involved in FX Trading Cartel

By Editors | 20/05/2019

Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.

Enforcement

Hong Kong ICAC Files Charges Against Former Convoy Director

By Manesh Samtani | 18/05/2019

Charges were laid against Cho Kwai Chee, a former director of Convoy Global Holdings, one of the companies said to be at the centre of the so-called ‘enigma network’.

Enforcement

NSE India Fines 250 Listed Companies

By Editors | 17/05/2019

India’s National Stock Exchange has fined 250 firms for non-compliance with its listing obligations and disclosure requirements.