Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.
The CRO must function independently, with no other responsibility or 'dual hatting', and report directly to the MD, CEO, or risk management committee of the board.
Charges were laid against Cho Kwai Chee, a former director of Convoy Global Holdings, one of the companies said to be at the centre of the so-called 'enigma network'.
The new guide takes into account the TFCD recommendations, the UN Sustainable Development Goals, WFE guidance and best practices, and Nasdaq’s own pilot programme.
The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.
India’s National Stock Exchange has fined 250 firms for non-compliance with its listing obligations and disclosure requirements.
South Korea's FSC has fined four local brokerages for holding accounts belonging to Samsung Group chairman Lee Kun-hee under other people's names.
In its three year roadmap for India's payment and settlement systems, the RBI says it expects the number of digital transactions in the country to increase to 87 billion by December 2021.
The SFC has found brokers that are failing to comply with the expected standards on client facilitation, and plans to take action against both individuals and firms.
Only Basel I rules will apply for the first three years after launch. Basel III will be phased in from the fourth year onwards, including NSFR and the leverage ratio.