Securities regulator says current maximum punishments are not sufficient as they don’t wipe out gains made from illicit activity.
PBOC governor says regulatory agencies not properly coordinated, reiterates concern about bad debt as China transforms into market economy.
Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.
Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.
Head of enforcement says the IPO sponsors may have failed to verify data, opening the door to fraud by the listing companies.
SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.
Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.
Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.
Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.