Enforcement
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ASIC Chief Sets out Firms’ Conduct Failings
Chairman Greg Medcraft suggests firms aren’t linking conduct to other areas of risk; message might not be getting through to […]
July 27, 2017 -
Singapore Banker Gets 2nd Conviction for 1MDB-related Offences
Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering...
July 13, 2017 -
Bank Risks Under Control, Market Supervision to Intensify – China Regulators
Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.
July 13, 2017 -
Australia Launches Bank Management Accountability Consultation
BEAR - Banking Executive Accountability Regime - would allow regulator to more easily ban directors and senior managers; influence remuneration policies.
July 13, 2017 -
China Regulators Target ‘Rat’ Traders
Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big...
July 10, 2017 -
US Regulators Flex Muscles in Asia
Grip could be set to get even tighter if DOJ proposals on accessing documents, expanding AML predicates are implemented.
July 6, 2017 -
MAS Takes Next Step Towards Increased Powers
Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.
July 6, 2017 -
HK SFC, CSRC to Boost Stock Connect Supervision
Regulators conducted 60 joint investigations in 1H16, taking total to 365 since Shanghai-HK link established in 2014.
July 3, 2017 -
Enforcement – ‘Market Manipulation’ in Australia and China
ASIC says Macquarie Securities failed to escalate suspicions; China-based HFT to pay $101mn.
June 28, 2017 -
ASIC Flags Fund Manager Compliance Failures
ASIC (the Australian Securities and Investments Commission) issued recommendations to improve conduct in the funds management sector, citing several failures […]
June 15, 2017