Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.
Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.
Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.
APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.
Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.
Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.
Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.
SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.
IMF praises measures such as inclusion of WMPs in bank assessments but cites concerns about growth in debt and banking sector assets.
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