All posts tagged "UBS"
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434Hong KongHong Kong to Update List of FSPs Under Clearing Obligation
Eight additional entities are proposed to be included on the list of Financial Services Providers under the OTC derivatives clearing regime.
March 27, 2020 -
358EnforcementSFC Bulletin Shows Sponsor Conduct Still Top-of-mind
The Regulatory Bulletin offers case studies illustrating the SFC’s key areas of concern and recent regulatory interventions in IPO applications and corporate transactions.
February 7, 2020 -
356EnforcementSFC Lifts UBS Underwriting Suspension Two Months Early
The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.
January 14, 2020 -
346ChinaNomura Joint Venture Secures China Securities Business Licence
Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.
November 25, 2019 -
836Enforcement
UBS 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 -
436Enforcement
UBS to Pay HK$600m in Fines and Compensation for Overcharging Clients
The SFC reprimanded and fined UBS for overcharging clients over a ten-year period, affecting 5,000 Hong Kong-managed client accounts in over 28,000 transactions.
November 12, 2019 -
429EnforcementChina Forestry Liquidators File Lawsuit Against Pre-IPO Auditor
The plaintiffs allege that KPMG “negligently failed to identify that they were the victims of a serious and pervasive false accounting by former members of executive management.”
November 5, 2019 -
584Enforcement
UBS Identifies ‘Inappropriate Spreads’ Charged to HK, SG Clients
UBS may have charged some wealth management clients booked in Hong Kong and Singapore ‘inappropriate spreads’ on debt securities transactions between 2008 and 2015.
October 24, 2019 -
341Capital RegulationUS Fed Finalises Easier Capital, Liquidity Rules for Banks
Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.
October 14, 2019 -
366Hong KongHKEX Abandons Pursuit of London Stock Exchange Merger
HKEX says the merger is still strategically compelling but it has not been able to engage with LSEG's management in realising its vision.
October 8, 2019
