Sohn Byung-doo suggests lockup periods be imposed on executives following an IPO, and that companies be required to consider retail investors when processing spinoff IPOs.
In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
The FSS will push for the enactment of a so-called "Fintech Nurturing Act", which will ease restrictions on investment in fintech firms by financial companies.
KoFIU will begin inspections on VASPs, financial institutions, casinos and mutual finance companies starting February.
The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
The FSS said an increase in manpower and an expansion of the unit's scope are needed to strengthen its capacity to respond to unfair trading practices in the capital market.
Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.
The rules will limit lending to the real estate and construction sectors and require mutual finance companies to maintain a minimum liquidity ratio based on firm size.
The FSC will set up a KRW 100 billion fund that will invest in KONEX listed firms and lower entry barriers for investors in the market.
Loading more posts...
Sorry, no more posts
No more pages to load