All posts tagged "Conflicts of Interest"
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81ChinaCBIRC Punishes Staff for Violating Personal Investment Rules
The regulator found that 429 individuals engaged in prohibited financial activity involving CNY 160 million and has taken action in 106 cases so far.
February 16, 2021 -
211Hong KongHKMA Raises Expectations for Bank Codes of Conduct
Codes of Conduct should include provisions to address conflicts of interest, promote a culture of accountability and encourage staff to report unethical practices.
February 15, 2021 -
131FeatureSFC Sets Out Conduct Standards Expected in Capital Raisings
The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.
February 9, 2021 -
162ChinaNew Rules for Private Equity Funds Take Effect in China
The rules prohibit the use of private equity funds as vehicles for public fundraising, explicitly allowing them to only be offered to qualified investors.
January 14, 2021 -
215Australia & NZASIC Demands Better Practices to Improve Audit Quality
ASIC is currently considering or progressing enforcement action for auditor misconduct in twelve cases, as part of efforts to improve audit quality.
December 30, 2020 -
Press Release
StarCompliance Recognised for Advances in Conduct Risk Management
Star Compliance provides software that automates the detection of employee conflicts of interest and provides real-time insights to supervisors to guard against misconduct risk.
December 16, 2020 -
672EnforcementUS OCC Fines JPMorgan for Weak Controls Over Fiduciary Activities
The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of "a pattern of misconduct", says the consent order.
November 29, 2020 -
486China
CSRC Updates Senior Manager Rules for Securities, Fund Operators
Securities and fund management firms are expected to establish and improve internal accountability mechanisms for senior managers, and penalise violations with clawback and malus.
November 25, 2020 -
539EnforcementBaFin, FREP Were Deficient in Supervising Wirecard, says ESMA
ESMA says it identified deficiencies, inefficiencies and legal and procedural impediments in the supervisory response to Wirecard between 2016 and 2018.
November 5, 2020 -
727ChinaPBOC to Scrap Market Maker Approval Process in Interbank Market
The PBOC proposes to allow banks and securities firms to only sign an agreement with trading platforms to conduct market making business.
November 2, 2020
