ADVERTISEMENT
AI Risk & Governance
MAS Announces Completion of Phase One of Veritas Initiative
By Editors | 06/01/2021
The first phase of Veritas resulted in the development of a fairness assessment methodology based on the FEAT principles for two use cases.
Payments & Settlements
White House Bans US Transactions With Chinese Payment Apps
By Editors | 06/01/2021
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
Fraud, Scams & Cybercrime
ATO Reviews Superannuation Withdrawals for Rule Breaches
By Editors | 06/01/2021
The ATO will consider applying penalties for wrongful superannuation withdrawal only in serious cases where an applicant has deliberately applied, knowing they were not eligible.
PEPs & Sanctions
FTSE Russell to Remove More Chinese Companies from Indexes
By Editors | 06/01/2021
The three companies being removed are China United Network Communications, Semiconductor Manufacturing International Corporation and Nanjing Panda Electronics.
Anti-Bribery & Corruption
China: Ex-Huarong Chairman Sentenced to Death for Corruption
By Editors | 06/01/2021
Convicted on bribery, embezzlement and bigamy charges, Lai Xiaomin will also be deprived of all political rights for life and have all of his personal property confiscated.
Capital Adequacy
Hong Kong Set to Implement Group-Wide Supervision for Insurance
By Editors | 06/01/2021
Newly gazetted subsidiary legislation will allow the Insurance Authority to set capital, regulatory reporting and public disclosure requirements for insurance groups.
Fraud, Scams & Cybercrime
SFC Bans CCB Asia Branch Manager for Life
By Editors | 05/01/2021
The former manager used a cashier’s order application form pre-signed by a customer to misappropriate HK$3.6mn in April 2019.
Fraud, Scams & Cybercrime
Shanghai, Shenzhen Bourses Implement Revised Delisting Rules
By Editors | 05/01/2021
The exchange amended the rules in response to complaints that the delisting thresholds were too high to be effective in deterring fraud.
Market Abuse
SEBI Fines Reliance Industries, Mukesh Ambani for Manipulative Trading
By Editors | 05/01/2021
Reliance Industries entered into an arrangement with 12 agents to corner Reliance Petroleum futures and earn undue profits, SEBI said.
PEPs & Sanctions
UPDATED – NYSE Commences, Then Halts Delisting of Chinese Companies
By Editors | 05/01/2021
NYSE will no longer delist the ADRs of China Telecom, China Mobile and China Unicom “in light of further consultation with relevant regulatory authorities”.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.