Enforcement

The FSA has issued a number of business improvement orders to Nomura after it was revealed that its employees had shared sensitive stock market information with clients.

China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.

The bank reportedly extended loans to persons connected to 'antisocial forces', and potentially executed over 100 fraudulent real estate loans.

Five current and former bank employees have been charged with money laundering in the Philippines in connection with the 2016 Bangladesh Bank heist.

Two CICC bankers have been named and shamed for altering the IPO application documents of a company seeking a listing on Shanghai's new tech board.

The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

The Reserve Bank of India has announced the establishment of a new unit to streamline its supervision and regulation of banks and financial companies.

A former sales representative of DBS Bank in Hong Kong was last week sentenced to 14 months' imprisonment for defrauding the bank of loans and commissions.

The Reserve Bank of New Zealand has revoked ANZ’s right to model its operational risk capital requirements due to persistent failures in controls.

A former JP Morgan Securities managing director offered to employ the son of a potential client as a reward for "showing favour" in hiring the bank for IPO sponsor work.