In response to recommendations made by the Royal Commission for Misconduct in the Banking, Superannuation and Financial Services Industry, the Australian Competition and Consumer Commission has authorised the Australian Banking Association to make certain changes to the Banking Code of Practice.
Hong Kong's Securities and Futures Commission has reprimanded two brokerages, Celestial Commodities Ltd and Celestial Securities Ltd and fined them HK$4.9 million (US$621,222) and HK$1.4 million (US$177,394) respectively because of their mishandling of clients' money and of related lapses in internal control.
The Chinese Ministry of Finance, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission have signed a tripartite memorandum of understanding with the aim of facilitating regulatory investigations.
FactSet, a provider of integrated financial information, analytical applications and other services, has released a cloud-based software-as-a-service app that helps financial institutions to know their customers.
With the news that the Monetary Authority of Singapore is about to issue up to five new digital bank licences, with two of them in the retail sector, we look at the gradual liberalisation of the banking sector u...
The deadline for comments to HM Government's consultative exercise regarding the enshrinement of the European Union's fifth Money Laundering Directive (5MLD) in English law passed a month ago. In this article we...
Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB, Svenska Handelsbanken AB and Swedbank AB have set up a joint venture company to develop a platform for handling something that th...
The Dubai Financial Services Authority last changed its formal punitive decision-making procedures in 2015. It has now decided that it is taking far too long to make decisions and is determined to speed things u...
The 'Dear CEO' letter that the Financial Conduct Authority sent to British wealth managers and stockbrokers on 13th June sets out the regulator’s concerns and the ways in which the sector might harm customers....
In response to recommendations made by the Royal Commission for Misconduct in the Banking, Superannuation and Financial Services Industry, the Australian Competition and Consumer Commission has authorised the Au...
Hong Kong's Securities and Futures Commission has reprimanded two brokerages, Celestial Commodities Ltd and Celestial Securities Ltd and fined them HK$4.9 million (US$621,222) and HK$1.4 million (US$177,394) res...
The Chinese Ministry of Finance, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission have signed a tripartite memorandum of understanding with the aim of facilitating r...
FactSet, a provider of integrated financial information, analytical applications and other services, has released a cloud-based software-as-a-service app that helps financial institutions to know their customers...
The US Securities and Exchange Commission has charged Fieldstone Financial Management Group and its principal, Kristofor Behn, both of Foxboro in Massachusetts, with defrauding retail investment advisory clients...