Enforcement

Enforcement

Tribunal Overturns SEBI Order Banning PwC from Auditing

By Editors | 10/09/2019

The Securities Appellate Tribunal cited a lack of evidence against PwC, and said SEBI had no jurisdiction to impose the ban in the first place.

Enforcement

ASIC Sues Regional Banks Over Unfair Loan Contracts

By Editors | 05/09/2019

ASIC says the terms in Bank of Queensland and Bendigo and Adelaide Bank loan contracts could cause detriment to small businesses.

Enforcement

Enforcement Actions Will Be Publicised, APRA Clarifies

By Editors | 04/09/2019

Publicising enforcement actions gives the community confidence that financial institutions are being held to account when they do the wrong thing, said APRA deputy chair John Lonsdale.

Capital / Liquidity

CBIRC Identifies Numerous Violations at Small and Mid-sized Banks

By Editors | 03/09/2019

“In response … all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.

AML / KYC

Singapore Police, Banks Collaborate to Thwart Scammers

By Editors | 03/09/2019

Since the Anti-Scam Centre was set up in June, DBS, OCBC and UOB have frozen 815 bank accounts and recovered S$840,000 in scam-related losses.

Enforcement

APRA to Improve Capabilities to Combat Non-Financial Risks

By Editors | 30/08/2019

In its four-year corporate plan, APRA identifies four areas of strategic focus, including to improve cyber-resilience and governance standards in the financial sector.

Enforcement

Tokyo Bourse Penalises Nomura for Information Leak

By Editors | 30/08/2019

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.

Enforcement

ASIC Focuses on Misconduct in Four-Year Corporate Plan

By Editors | 29/08/2019

ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.

AML / KYC

Philippine Police Arrest Former Govt Official for Banking Law Violations

By Editors | 28/08/2019

Former foreign affairs secretary Perfecto Yasay Jr is reportedly accused of conspiring to obtain a $6.7mn loan for a company without reporting the loan to the central bank.