The FCA pledges to be more proactive about announcing investigations and naming the firms involved, to improve deterrence.
February 29, 2024The NFRA says it will strictly abide by the principles of legality, proportionality, and due process when handing out penalties to banks and insurers.
December 14, 2023The FSC said disclosing the names of those who breach short selling rules or create market disturbances will create a deterrence effect and reduce illegal activities in capital markets.
December 6, 2022The judge said ANZ should have been "sufficiently robust" in its ability to detect issues early, given its size, resources and position in New Zealand’s market.
March 13, 2021The penalty follows last week's guilty plea from CommInsure for conducting insurance sales by phone, where the customers had not requested to be contacted.
November 29, 2019Publicising enforcement actions gives the community confidence that financial institutions are being held to account when they do the wrong thing, said APRA deputy chair John Lonsdale.
September 4, 2019The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
March 21, 2019