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Enforcement
FSS Korea Orders Woori, IBK to Compensate Lime Investors
By Editors | 25/02/2021
The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
Fintech / Regtech
BOK Calls for Review of Legal Framework to Enable CBDC Issuance
By Sanday Chongo Kabange | 10/02/2021
In a new research paper, the BOK discusses key issues relevant to the issuance of a CBDC, including its design elements and legal and policy implications.
BOK Ends Special Lending Programme as Markets Stabilise
By Editors | 03/02/2021
The BOK has decided to end a special lending programme that allowed banks, brokerages and insurers to obtain funding by pledging corporate bonds as collateral.
Sanctions
Myanmar Banks Reopen Amid Military-led State of Emergency
By Manesh Samtani | 02/02/2021
Some foreign banks have launched emergency safety measures, ordering employees to stay at home or halting operations indefinitely.
Market Infrastructure
FSC Korea to Tighten Debt Service Ratio Rules in Q1
By Editors | 01/02/2021
The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.
Enforcement
Korea FSS to Order Banks to Compensate Lime Fund Investors
By Editors | 25/01/2021
Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.
Securities / Derivatives
Korea to Require Brokers, Insurers to Enhance FX Risk Management
By Editors | 21/01/2021
Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.
Korea Announces Additional Support to Covid-19 Hit Businesses
By Sanday Chongo Kabange | 18/01/2021
The funding support includes additional support for small merchants, a new special lending programme, and additional funding for distressed asset manager KAMCO.
Securities / Derivatives
BOK Extends Corporate Bond, Commercial Paper Support by 6 Months
By Editors | 04/01/2021
A special purpose vehicle created in July to support the corporate bond and commercial paper markets will be extended another six months.
S. Korea Selects Market Makers for Won-Yuan Direct Market
By Editors | 03/01/2021
The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.
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