Financial Crime

Credit Risk

India’s SEBI Seeks Ban on Wilful Defaulters Raising Funds in Market

By Editors | 06/08/2014

The Securities and Exchange Board of India said it is talking with the Reserve Bank of India as it finalises regulations around wilful loan defaulters.

Supervision & Enforcement

S. Korean Regulator to Reprimand Financial Firms for Illegal Loans

By Editors | 06/08/2014

South Korea’s chief financial regulator said he will consider punishing financial companies for making illegal loans and leave the punishment of employees up to the companies, in view of disciplinary action being mulled by authorities on hundreds of senior bank officials.

Conduct, Culture & Accountability

HSBC Challenged by Rising Cost of Compliance

By Peter Guy | 06/08/2014

The future of banking will be entirely driven by regulation and managed by compliance officers.

Trading & Investment

Taiwan Regulator to Get Tough on Leaks at Brokerages

By Editors | 05/08/2014

The Financial Supervisory Commission is taking a tougher stand on the release of client notes by securities houses involving listed companies and their stock prices in a bid to curb market speculation.

Market Abuse

China to Toughen Securities Rules against Insider Trading, IPO Fraud

By Editors | 05/08/2014

China’s securities regulator said it will support legislations that will offer tougher punishment for insider trading, accounting fraud, market manipulation and dereliction of duties by brokerage firms.

Market Abuse

Singapore Tightens Securities Rules

By Editors | 04/08/2014

Singapore is strengthening its securities rules by introducing a minimum trading price for main board shares to combat excessive speculation of low-priced securities and market manipulation.

KYC & CDD

DTCC to Launch Client Data, Documentation Hub

By Editors | 01/08/2014

The Depository Trust & Clearing Corporation, the world’s largest post-trade services provider, announced the establishment of the client data and documentation solution Clarient Entity Hub, which is designed to provide increased controls, standardization and transparency in managing client information.

Trading & Investment

Australian Regulator to Review Broker Dark Pools

By Editors | 30/07/2014

The Australian Securities and Investments Commission will conduct reviews of broker dark pools over the next 12 months, as regulators globally investigate alleged abuses in the operation of alternative trading venues.

Market Abuse

Singapore Seeks Tougher Rules for Financial Benchmarks

By Editors | 29/07/2014

The Monetary Authority of Singapore is proposing a legislation that will introduce a regulatory framework for financial benchmarks.