All posts tagged "Misconduct"
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109EnforcementJapan SESC Recommends $22mn Fine for Nissan Underreporting
The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.
December 11, 2019 -
274Australia & NZASIC Urges Better Conduct from Lead Managers in Mining IPOs
Among ASIC's concerns is the prevalence of conflicts of interest, whereby lead managers act for both the company and investing clients while holding direct interests and board seats in the company.
December 6, 2019 -
558ChinaChina to Increase Oversight Over Banking & Finance Mobile Apps
The National Internet Finance Association has launched a 23-firm pilot scheme to address concerns around risks to user privacy from financial institutions' mobile apps.
December 6, 2019 -
180Australia & NZASIC, APRA Ink Updated MoU to Enhance Collaboration
The updated MoU was a royal commission recommendation to enable more proactive engagement between the two regulators.
December 2, 2019 -
438FeatureSGX RegCo Proposes Removal of Minimum Trading Price Rule
SGX RegCo is proposing to scrap the MTP rule in light of its suite of other measures to deal with market manipulation, including the pairing of trading restrictions with ‘Trade with Caution’ alerts.
November 29, 2019 -
382FeatureHKMA Warns FIs Against Churning Investment Funds for Clients
The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.
November 25, 2019 -
687Australia & NZANZ, Westpac Face Class Actions Just Days After NAB Settlement
Law firm Slater and Gordon has launched class actions against ANZ and Westpac over the sale of consumer credit insurance products, on the heels of winning a near A$50m settlement from NAB.
November 22, 2019 -
273EnforcementSFC Warns Against Concealing Identities of Transacting Counterparties
Listed entities should disclose counterparties’ controllers and beneficial owners in corporate transactions. Asset managers should maintain effective controls to detect dubious arrangements or transactions.
November 22, 2019 -
296Australia & NZ
APRA’s New Approach to Managing Non-Financial Risks
APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.
November 20, 2019 -
611EnforcementUBS Fined in Singapore for Pricing Deception by Advisers
The MAS penalty follows similar action taken against UBS by the Hong Kong SFC to penalise the bank and demand compensation for clients that were overcharged over a ten-year period.
November 18, 2019
