The new department will work to incentivise and manage prudent behaviour as well as hold institutions to account for non-compliance.
April 14, 2021Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.
April 13, 2021ASIC says Westpac debited premiums for consumer credit insurance from customers who did not agree to purchase the products.
April 13, 2021CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.
April 10, 2021The judge dismissed a case against 10 banks alleging manipulation of the US Treasuries market due to a lack of evidence of a conspiracy.
April 8, 2021ASIC says CBA incorrectly charged monthly access fees to customers who were entitled to fee waivers between June 2010 and September 2019.
April 7, 2021The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.
March 26, 2021The director ID regime will help to promote good corporate conduct, deter illegal phoenix activities, and facilitate traceability of directors over time.
March 24, 2021The SC said it will launch its five-year Capital Market Masterplan 3 in H2 2021, strengthen its regulatory capabilities, and streamline conduct requirements.
March 22, 2021Clients were pressured to deposit funds into their trading accounts, engage in high-risk trading, and delay or cancel withdrawal requests.
March 22, 2021