Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.
Thematic review details deficiencies in standards of conduct, due diligence practices and internal systems and controls.
The firm was only able to provide the regulator about half of the client consents for facilitation trades.
Head of Financial Reporting Council says overhaul of accountancy regulation will not meet international standards.
Hong Kong investors will pay half the normal withholding tax rate on the interest earned on their investments in India.
Securities regulator says fine would have been much higher were it not for self-reporting of breaches, cooperation in inquiry and ‘remedial measures’.
The firm failed to put in place controls to prevent co-mingling of agency execution and client facilitation services.
Report shows Hong Kong has biggest credit-GDP gap and the highest debt service ratio among 9 APAC economies.
The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.
The bank was fined $15.2mn and intends to appeal its 18-month suspension from IPO underwriting; possible disciplinary action on eight other firms.
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