All posts tagged "Internal controls"
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364ChinaBrokers Under CSRC Scrutiny for Stock Pledge Business
Securities companies are asked to carefully check and rectify any non-compliant stock pledge business and strengthen risk management and controls.
September 3, 2019 -
385Capital RegulationCBIRC Identifies Numerous Violations at Small and Mid-sized Banks
“In response ... all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.
September 3, 2019 -
479EnforcementTokyo Bourse Penalises Nomura for Information Leak
The TSE says internal controls at Nomura Securities were insufficient, and measures it took after a similar incident in 2012 did not seem to have improved compliance.
August 30, 2019 -
493ChinaUS SEC Fines Deutsche Bank $16m for Corrupt Hiring Practices
Between 2006 and 2014, Deutsche Bank hired relatives of executives of Chinese and Russian state-owned enterprises to generate business for the bank.
August 27, 2019 -
462EnforcementSFC Fines Sincere Securities for Internal Control Failings
The SFC and an independent reviewer identified deficiencies across 14 areas of Sincere Securities’ business operations and internal controls, resulting in a fine of HK$5mn.
August 16, 2019 -
538ChinaCSRC Imposes Six-Month Business Restriction on GF Securities
The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.
August 9, 2019 -
599Capital RegulationRBI Urges Better Risk Monitoring, Faster NPA Resolution at State Banks
RBI governor Shaktikanta Das asked state-owned banks to speed up bad debt recovery efforts, strengthen internal controls and risk monitoring, and help fix the ongoing NBFC liquidity crisis.
July 23, 2019 -
433Enforcement
US SEC Penalises Nomura for Mis-sold Mortgage Backed Securities
Nomura Securities International has agreed to repay approximately $25mn to affected customers and $1.5mn in SEC fines to settle the charges.
July 17, 2019 -
498Enforcement
SFC Fines Hong Kong Brokerage for Ineffective Short Selling Controls
Glory Sun Securities has been fined HK$1.2m for failing to ensure compliance with short selling requirements. Two responsible officers and an account executive have also been suspended.
July 16, 2019 -
854Enforcement
SFC Fines Celestial Commodities for Mishandling Client Money
Celestial Commodities Limited may have been using client money to pay commission rebates for up to 20 years for the sake of operational convenience.
July 10, 2019
