FSS says banks kept list of officials and former officials whose family members should be favoured in recruitment processes.
Official Communist Party newspaper says regulators should be barred from taking jobs at firms they have supervised in the past.
Bank reported financial adviser to regulator and dismissed them after uncovering misconduct involving more than $3mn.
All 32 cryptocurrency exchanges in Japan required to submit reports on security and risk management based on 43-item checklist.
CBRC cracked down on banks that provided loans against low-purity gold; the regulator expressed concerns on banks’ lending and collateral management norms.
Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.
The CBRC is cracking down on misappropriation of real estate funds and speculation in the land market.
Increased regulation in an effort to rein in personal borrowing could foster an attitude of ‘bare minimum compliance’ among banks, leading to future systemic risk.
Korea Customs Service alleges KRW637.5 bn of foreign exchange crimes, including the use of cryptocurrency to conduct forex transactions, foreign remittances, illegal smuggling.
FSA orders Coincheck to improve security, implement preventative measures; will additionally inspect security mechanisms at other cryptocurrency exchanges.