CBRC investigation revealed RMB 7.9 billion in illegal bank bills trading; life-time ban for Postal Savings Bank branch head.
Securities regulator says bank was involved in unconscionable conduct in dealing with the benchmark rate during 2012.
Despite technological improvement and innovation, FIs are still not embracing fintech, and start-ups are finding it harder than expected to gain traction.
HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.
Temporary rules require more detailed filings on investment plans; enforcement to focus on deals worth $300mn or more or to sensitive countries, regions and industries.
CSRC representative says recent days have seen ‘unusual trading’ in some market segments and individual stocks.
Licensed corporations should ensure client suitability when recommending fixed-income and structured products, particularly for complex and risky products.
Majority of respondents expect to follow multi-asset strategy in response to political pressures; managers also concerned about fintech disruption and compliance costs.
The new technical standard specifies how to use TLS to secure FIX communications, expected to improve cybersecurity across the industry.
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