Bank of China and Everbright Bank were charged for violations in their wealth management units.
Category: Regulation
Singapore advisers told to improve standards and conduct
The regulator looks to build greater trust in the sector.
Hong Kong regulator bans ex-BNP Paribas WM employee
After he ‘operated a client account discretionarily without obtaining written authorisation’.
MAS bans DBS wealth manager for fraud
Loh Thim Mun Marcus was found to have transferred clients’ money to his personal account.
Trio banned by Hong Kong regulator
After they used false certificates to prove they had minimum requirements to apply to be insurance agents.
Hong Kong brokerages are set to join the WMC
Brokerages will compete with 23 eligible banks in Hong Kong for southbound services under the cross-boundary Wealth Management Connect.
IOSCO targets greenwashers
The creation of draft proposals for ISSB are expected imminently.
Hong Kong regulator eases sale of life products online
Temporary measures are extended until September 2022.
SFC fines HSBC Securities for regulatory breaches
The firm is penalised for making errors trading under stock connect.
China extends wealth management scheme
The pilot programme for retiree products is expanded to other cities.