All posts tagged "enforcement"

ASIC Issues Update on Implementation of Hayne Recommendations

ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.

Senate Passes Bill Empowering ASIC to Pursue Harsher Penalties

The bill increases the maximum prison penalties ASIC can pursue to 15 years, and raises the caps on civil penalties for individuals and corporations.

APRA Issues Update on Implementation of Hayne Recommendations

APRA details the work already underway to implement the Recommendations and confirms it is examining the 12 matters referred by the Royal Commission.

Royal Commission Final Report Packs a Powerful Punch

The Final Report on Australia's Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.

BIS Research Unit Offers Recommendations for Capital Market Development

The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.

Hong Kong Not Obliged to Enforce US Sanctions – Report

Hong Kong is not obliged to enforce unilateral sanctions imposed by individual jurisdictions including the US, a senior official said in regards to Huawei's alleged dealings with Iran.

China Banking Regulator Fines Six Banks a Combined $22mn

The CBIRC has fined six banks a combined 156.3 million yuan for breaching rules on wealth management products, lending, and misleading advertising.

Korean Regulators Become Latest Signatories to IOSCO EMMoU

South Korea's FSC and FSS have jointly become the 10th member of IOSCO's EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.

China Unifies Enforcement of Bond Markets Under CSRC

The move to unify regulation of the bond markets under one authority is aimed at improving the overall regulatory system and preventing systemic risk.

ASX Consults on Changes to Listing Rules