Enforcement

ASIC Chief Sets out Firms’ Conduct Failings

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 sentence ends.

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.

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.

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 data as it continues crackdown.

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.

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.

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.

Enforcement – ‘Market Manipulation’ in Australia and China

ASIC says Macquarie Securities failed to escalate suspicions; China-based HFT to pay $101mn.

ASIC Flags Fund Manager Compliance Failures