Enforcement

Enforcement

CBIRC Fines 13 Lenders for Failing to Monitor Consumer Loan Borrowers

By Editors | 26/10/2018

The regulator is trying to prevent the use of consumer credit in speculative investments as part of its efforts to curb risks to the financial system.

Enforcement

ASIC Will Use Every Power Available to Punish Dishonest Behaviour – Shipton

By Manesh Samtani | 19/10/2018

The Royal Commission has reinforced that the financial industry has abandoned its core role of being custodians of other peoples’ money, said ASIC chair James Shipton.

Enforcement

Scandal-Hit Chinese Drug Maker Faces CSRC Fine

By Garima Chitkara | 17/10/2018

The CSRC’s 600,000 yuan fine on Changsheng Biotechnology for falsifying data for a rabies vaccine form a small part of the 9.1 billion yuan it will have to pay.

Enforcement

S. Korea to Toughen Penalties for Naked Short Selling

By Editors | 15/10/2018

New legislative revisions could subject illegal short sellers to up to 10 years imprisonment and fines amounting to 1.5 times profits on short selling.

Enforcement

SFC Ramps Up Enforcement Against Capital Market Abuse

By Manesh Samtani | 12/10/2018

Life is about to get very uncomfortable for those who abuse Hong Kong’s capital markets, said the SFC’s Thomas Atkinson at the 2018 Refinitiv Pan Asian Regulatory Summit.

AML / KYC

Technology, Multi-Agency Cooperation in Focus at HKMA

By Manesh Samtani | 11/10/2018

At the Refinitiv Pan Asian Regulatory Summit, HKMA’s Carmen Chu discussed how technology and cooperation with authorities contributes to a safe and clean financial centre.

Enforcement

SFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct

By Manesh Samtani | 10/10/2018

The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.

Enforcement

ASIC Permanently Bans Another Former NAB Branch Manager

By Editors | 09/10/2018

The branch manager knowingly provided false or misleading information and documentation in loan applications and falsely attributed them to a relative for introducer commissions.

Enforcement

RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay

By Editors | 02/10/2018

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.