Korea
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S. Korea Probes Four Foreign Banks on Derivatives
Editors, Regulation Asia October 15, 2015The Financial Supervisory Service is looking into the derivatives transactions of four foreign banks which have jumped abnormally amid a gradual decline among other banks since since last year.
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S. Korea Eyes Listing of Foreign ETFs on Local Bourse
Editors, Regulation Asia October 6, 2015The Korea Exchange has said that it will seek to list foreign ETFs on the local stock market to meet rising local demand for direct overseas investment.
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S. Korea Considers Approvals for Internet-Only Banks
Editors, Regulation Asia October 4, 2015Three consortiums led by IT firms have applied for preliminary licenses to launch the country’s first Internet-only banks.
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S. Korea Signs MOU with CFTC on Cross-Border Clearing Supervision
Editors, Regulation Asia September 28, 2015Enhances cooperation and information exchange in the supervision of clearing organisations that operate cross-border.
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S. Korea Revises IT Rules for Financial Institutions
Editors, Regulation Asia September 25, 2015Korea’s Financial Supervisory Service has announced revisions to rules on electronic finance supervision to incorporate exceptions for network separation at financial institutions.
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S. Korea Regulator to Task Overhaul of Debt-Laden Companies
Editors, Regulation Asia September 21, 2015South Korea's Financial Services Commission will charge a leading bad asset management firm to overhaul debt-laden companies in an effort to speed up the country's corporate restructuring program.
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S. Korea Enhances Bank Internal Controls and Compliance Functions
Editors, Regulation Asia September 19, 2015FSC implements new guidelines to ensure the effectiveness of internal controls and compliance functions in the banking sector.
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S. Korea Enhances Lending Rate Comparison for Consumers
Editors, Regulation Asia September 18, 2015Financial Supervisory Service announces various measures to improve consumers’ ability to compare lending rates posted online by financial institutions.
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S Korea to Lower Barriers for Foreign Banks
Editors, Regulation Asia September 7, 2015Korea’s Financial Services Commission will ease regulations for foreign lenders seeking to expand their banking operations in a bid to boost the country's global competitiveness.
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S. Korea Designates KRX as Trade Repository
Editors, Regulation Asia August 21, 2015The Korea Exchange has been designated as a trade repository to collect and store data on OTC derivatives trading to improve transparency and meet global standards.
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