22nd June 2016
Hong Kong’s securities regulator reported a spike in the number of instances where the city’s financial firms are failing to comply with its anti-money laundering guidelines. The Securities and Futures Commission (SFC), which stepped up scrutiny of laundering controls amid pressure to combat illicit fund flows, said its inspections found… Read More
22nd June 2016
Hong Kong’s financial markets regulator, the Securities and Futures Commission (SFC), today released its 2015-16 annual report, as per an official announcement. The SFC reported a 62% increase in net profit as total operating income rose by 18% compared to the prior year, apparently driven by the total value of… Read More
21st June 2016
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined both Schroder Investment Management and State Street Global Advisors Asia (SSGA), in two separate incidents. The watchdog fined Schroders HKD1.8 million (US232,000) for failing to disclose all notifiable interests in Hong Kong listed shares held in client portfolios and… Read More
21st June 2016
The Ontario government should establish a new organization that would perform the functions currently performed by the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO) but also have a “specific fraud-deterrence mandate,” an expert advisory panel said in a report released Monday. FSCO regulates… Read More
16th June 2016
The Ontario Securities Commission will officially launch a rewards-backed whistleblower program July 14, and has named longtime regulator Kelly Gorman as the first Chief of the Office of the Whistleblower. “The OSC’s Office of the Whistleblower will be the first paid whistleblower program [operated] by a securities regulator in Canada,”… Read More
16th June 2016
Confirming its interim order, markets regulator SEBI has said ban will continue on seven entities in a case related to tax evasion and money laundering through misuse of stock exchange mechanism. The seven entities — East India Securities, Value & Worth, Shree Sudharshan Castings, Madsan Agencies, Motorex Finance, Midnight Agencies… Read More
15th June 2016
The Cayman Islands Monetary Authority (CIMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding (MoU) putting in place a framework for mutual assistance and exchange of information to foster high standards of regulatory practice and compliance in both jurisdictions.  The… Read More
15th June 2016
In first speech since appointment, says that while progress has been made, significant vulnerabilities remain due to the legacy of the crisis Outlines supervisory priorities for the role, to include resolving Non-Performing Loans, scrutiny of strategic and business model risk, and matters related to governance, culture and diversity. Commits to… Read More
15th June 2016
The Commodity Futures Trading Commission is overreaching in its quest for market safety and soundness. The agency wants the power to obtain access to the source codes of trading companies without a subpoena. Record retention is a worthy goal, but it is… Read More
14th June 2016
Former top regulator at the Securities and Exchange Commission to succeed Richard Ketchum, who is retiring Read More