Financial Crime

    Operational Risk

    Australian Regulator Releases Enhanced Guidance on Risk Management

    By Editors | 04/02/2014

    The Australian Prudential Regulation Authority has released a package that harmonises and enhances its current risk management requirements.

    Market Abuse

    Australian Regulator Censures BNP Paribas Over Rate Fixing

    By Editors | 28/01/2014

    Australian Securities and Investment Commission has reprimanded BNP Paribas SA over potential misconduct involving the Australian Bank Bill Swap Rate.

    Cryptocurrency

    Bitcoin – Risk, Reward and China

    By Editors | 27/01/2014

    Henry Balani discusses the move by the Chinese Regulators on Bitcoin and the impact of the virtual currency on transaction banking.

    Supervision & Enforcement

    IOSCO Gains 100th MMoU Signatory in Fight Against Financial Misconduct

    By Editors | 26/01/2014

    The Indonesian Financial Services Authority has become the 100th signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) on cooperation and exchange of information.

    Supervision & Enforcement

    ‘Big Four’ Accounting Firms To Appeal Against SEC China Ruling

    By Editors | 24/01/2014

    The “Big Four” accounting firms said they will fight a ruling by the US Securities and Exchange commission suspending their Chinese units for six months.

    Market Abuse

    HK Court Varies Interim Injunction Against Qunxing

    By Editors | 24/01/2014

    The Court of First Instance today varied an interim injunction obtained by the SFC in the proceedings against Qunxing Paper Holdings Company Limited (Qunxing) and its subsidiary, Best Known Group Limited (Best Known).

    Market Abuse

    SFC Allows Appeal over Retail Investor Aquittal

    By Editors | 24/01/2014

    The Court of First Instance today allowed the Securities and Futures Commission’s (SFC) appeal of the acquittal of Mr Chan Wing Fai of false trading, and ordered that the case be remitted back to the Magistrate.

    Conduct, Culture & Accountability

    Japan to Urge Banks to Appoint Outside Board Members for Transparency

    By Editors | 24/01/2014

    Japanese regulators plan to call on banks and their holding companies to appoint outside directors as members of their board to enhance transparency in management.

    Anti-Money Laundering

    India Pulls Out Old Currency Notes, Curbs ‘Black Money’

    By Editors | 24/01/2014

    The Reserve Bank said it will withdraw all currency notes issued prior to 2005 from March 31, in an apparent move aimed at curbing black money and fake currencies.

    Data Privacy

    S. Korea Regulator Eyes Overhaul of Anti-Piracy Policy to Combat Data Theft

    By Editors | 22/01/2014

    The country’s financial industry watchdog plans an overhaul of anti-piracy polices to fight data breach.

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