Enforcement
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654SEBI Directs Exchanges to Check Volatile Stocks for Manipulation
Editors, Regulation Asia February 7, 2019SEBI has asked the BSE and NSE to boost intra-day surveillance to check unusually volatile stocks for possible manipulation.
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1.2K1Royal Commission Final Report Packs a Powerful Punch
Matthew Chan, ASIFMA February 5, 2019The Final Report on Australia's Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.
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892UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist
Editors, Regulation Asia February 4, 2019Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.
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718PBOC Sets Up New Bureau to Oversee Financial Regulation
Editors, Regulation Asia February 4, 2019China’s central bank has set up a new macro-prudential management bureau to monitor financial systemic risks, draft rules and advise on currency issues.
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984India Launches Money Laundering Probe Against Former ICICI Bank Chief
Editors, Regulation Asia February 4, 2019India’s Enforcement Directorate will seek to determine if alleged kickbacks generated in loan deals worth $262mn were laundered to create tainted assets.
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517Chinese Supreme Court Directs Police on Illegal Fundraising Crackdown
Editors, Regulation Asia January 31, 2019Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
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706UPDATED – Malaysia SC Fines Deloitte for 1MDB-Linked Auditing Breaches
Editors, Regulation Asia January 31, 2019SC says Deloitte failed to immediately report irregularities which may have had a material effect on the ability of a 1MDB unit to repay bondholders. Deloitte is seeking a review of the decision.
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716Vietnam’s SSC to Beef up Handling of Stock Market Violations
Editors, Regulation Asia January 25, 2019The SSC is coordinating with Vietnam's Ministry of Public Securities to ensure violators face criminal charges in addition to the existing administrative sanctioning regime.
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667Australian Regulators Under Scrutiny for Accepting Industry Gifts
Garima Chitkara, Regulation Asia January 23, 2019ASIC was reportedly found to have accepted expensive gifts and hospitality from financial firms including Macquarie Bank even as it was under multiple investigations by the corporate regulator.
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1.3KS. Korean Regulator Fines Four Global Banks for Rigging FX Derivatives
Editors, Regulation Asia January 22, 2019South Korea’s Fair Trade Commission has fined JP Morgan, HSBC, Deutsche Bank and StanChart a combined $613,000 for rigging forex derivative prices.
