Enforcement

UK regulators publish proposals to enhance enforcement decision-making processes

The FCA and the PRA have today published proposals aimed at strengthening the transparency and effectiveness of their enforcement decision-making processes. The proposals address recommendations made by HM Treasury in its ‘Review of enforcement decision-making at the financial services regulators’ and Andrew Green QC’s ‘Report into the FSA’s enforcement actions following the failure of HBOS’. …

UK regulators publish proposals to enhance enforcement decision-making processes Read More »

The 7 Deadly Sins of Market Abuse (Part IV): Manipulating transactions

Today’s post is a true highlight as the offence of Market Abuse in the form of Manipulating Transactions has it all: Fancy jargon, hefty fines and plenty of case law, so hold tight to your seats. Curb your enthusiasm for a minute though as we first need to have a look at the definition: The …

The 7 Deadly Sins of Market Abuse (Part IV): Manipulating transactions Read More »

ESMA publishes report on EU accounting enforcement in 2015

The European Securities and Markets Authority (ESMA) has published its annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU) in 2015. ESMA continued strengthening supervisory convergence in the area of financial reporting to improve the consistency and quality across the EU, notably by issuing guidelines, publishing statements on …

ESMA publishes report on EU accounting enforcement in 2015 Read More »

Former equities trader pleads guilty to insider dealing

The FCA has released a statement with regard to Damian Clarke, a former equities trader at Schroders Investment Management Limited, who pleaded guilty at Southwark Crown Court to nine counts of insider trading. He will be sentenced on 13 June 2016. Mr Clarke pleaded guilty to seven counts of insider dealing on 24 July 2015, and …

Former equities trader pleads guilty to insider dealing Read More »

Australian bank must conduct independent compliance review following breaches and $4.5m penalty

The Australian Securities and Investments Commission (ASIC) has published a statement with regard to imposing additional measures for ANZ as a result of several shortcomings, which had already resulted in a financial penalty for $4.5 million. Following concerns raised by ASIC, the Australia and New Zealand Banking Group (ANZ) has agreed to an independent review …

Australian bank must conduct independent compliance review following breaches and $4.5m penalty Read More »

Australian regulator imposes additional licence conditions on investment bank

The Australian regulator ASIC has imposed additional conditions on the Australian financial services (AFS) licence of Macquarie Bank Limited (Macquarie). The additional conditions were imposed on Macquarie following an investigation by ASIC into a series of breach reports lodged by Macquarie relating to breaches of the client money provisions of the Corporations Act, between March 2004 …

Australian regulator imposes additional licence conditions on investment bank Read More »

SEC awards nearly $2 million to three whistleblowers

The Securities and Exchange Commission today announced the payment of almost $2 million to three whistleblowers. The largest of the three awards will go to a whistleblower who voluntarily provided original information that prompted the SEC to open its investigation. That whistleblower, who will receive about $1.8 million, continued to provide valuable information throughout the …

SEC awards nearly $2 million to three whistleblowers Read More »

Australian regulator accuses bank of rate fixing

The Australian Securities and Investment Commission (ASIC) has today commenced legal proceedings in the Federal Court in Melbourne against the Australia and New Zealand Banking Group Limited (ANZ) for unconscionable conduct and market manipulation in relation to the ANZ’s involvement in setting the bank bill swap reference rate (BBSW) in the period March 2010 to May …

Australian regulator accuses bank of rate fixing Read More »

Scroll to Top

Add Article

Add your article to Planet Compliance.