Fine
Value Partners fined HK$4m for regulatory breaches
The Hong Kong Securities and Futures Commission (SFC) has fined asset manager Value Partners and its subsidiary Value Partners Hong Kong HK$4m (£412,479, $515,644, €479,669) for breaching regulations in the management of two SFC-authorised funds.
Tax & Regulation | 20 Jan 17
97% drop in FCA fines not a return to light touch regulation
The more than 97% decrease in fines levied by the UK regulator against financial institutions does not signal a return to light touch regulation, says Mark Steward, director of enforcement and market oversight at the Financial Conduct Authority (FCA).
Ex-Falcon Bank manager jailed in Singapore 1MDB probe
The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.
Tax & Regulation | 12 Dec 16
FCA fines down more than 97% in 2016
The UK’s Financial Conduct Authority (FCA) netted £22.2m ($27.9m, €26.4m) in fines against 23 financial institutions during 2016, a more than 97% drop from last year, reports the Guardian.
Hong Kong regulator ramps up disciplinary action
Disciplinary action taken by Hong Kong’s Securities and Futures Commission (SFC) kicked up a gear during 1H16, rising 66.7% from last year.