Report outlines enforcement actions on market manipulation against Milford Asset Management trader, investigation into trading at Goldman Sachs, other cases of misconduct.
Central bank audits failed to detect loan fraud using Punjab National Bank guarantees for over seven years; overseas branches which granted loans also under scrutiny.
For the first time, visitors to Hong Kong will soon have to declare cash they bring in. But money laundering will continue to flourish.
New body merges three existing complaints authorities; will streamline complaints process and quicken dispute resolution for customers.
CBRC proposals would require banks to set up conduct management departments, submit conduct codes to regulator, establish whistle blower mechanism.
The firm’s electronic trading system repeatedly submitted orders without regard for market liquidity and without effective price and volume controls.
Financial units of Alibaba and Tencent fined for offences including failure to file reports on forex payments by non-residents.
Regulatory breaches include failures related to segregation of client securities, reporting of transaction, noncompliance with short selling requirements, unsuitability of investment products sold to clients.
New ombudsman scheme will initially cover deposit-taking nonbank financial companies; rules to be laid out this month.
Probe could include some 70 savings banks, insurers, credit card providers and investment companies.