All posts tagged "Misconduct"
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1.5KAML / KYCEconomic Downturn Presents Opportunities for Corporate Fraud
Drawing from the Fraud Triangle Theory, Alvarez & Marsal's Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.
July 3, 2020 -
1.7KContributed ArticleThe New Normal: Conduct Risk & Personal Accountability
Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.
July 1, 2020 -
255ChinaCBIRC Moves to Stamp Out Abuse of Cheap Loans
Banks have reportedly been directed to reduce their structured deposits to January levels, as part of CBIRC efforts to stamp out abuse of cheap loans.
June 11, 2020 -
575ChinaLuckin Coffee Chairman Likely to Face Criminal Charges – Report
The CSRC and Ministry of Finance have reportedly found new email evidence indicating that chairman Lu Zhengyao instructed his colleagues to commit fraud.
June 9, 2020 -
791China
CBIRC Issues Rules for Banks on Handling of Criminal Cases
The CBIRC has set out banks and insurers' obligations when handling criminal cases that arise, including duties to investigate, issue reports, determine accountability and hand out punishments.
June 4, 2020 -
672FeatureHKMA Publishes Findings from Bank Culture Reform Initiative
As a next step, the HKMA will conduct more focused reviews on retail banks' front office in relation to the distribution of banking, investment and insurance products.
May 24, 2020 -
547ChinaNew Listing Rules at Nasdaq to Impede Chinese IPOs – Reports
Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.
May 20, 2020 -
477Big PictureAll Firms Are Taking Steps to Align Compensation With Risk: FSB
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
May 13, 2020 -
879InternationalFMSB Review Highlights Data Risks in Wholesale FICC Markets
The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value.
May 12, 2020 -
447Securities & TradingSGX RegCo to Scrap Minimum Trading Price Rule from 1 June
The MTP rule is described as a "blunt tool" for addressing risk of market manipulation, compared to more effective tools that target such manipulation directly.
May 11, 2020
