Enforcement

    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.

    Capital / Liquidity

    Philippine Central Bank Strengthens Compliance Standards

    By Editors | 28/08/2017

    Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.

    Market Infrastructure

    Cybercrime Threatening Market Integrity – ASIC

    By Samuel Riding | 23/08/2017

    Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.

    Enforcement

    Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

    By Editors | 23/08/2017

    Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

    Enforcement

    Indian Brokers’ AML Compliance Under Heightened Scrutiny

    By Editors | 20/08/2017

    SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

    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.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team