Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.
Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.
BEAR - Banking Executive Accountability Regime - would allow regulator to more easily ban directors and senior managers; influence remuneration policies.
Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big data as it continues crackdown.
Grip could be set to get even tighter if DOJ proposals on accessing documents, expanding AML predicates are implemented.
Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.
Regulators conducted 60 joint investigations in 1H16, taking total to 365 since Shanghai-HK link established in 2014.
ASIC says Macquarie Securities failed to escalate suspicions; China-based HFT to pay $101mn.