FINANCIAL SUPERVISORY SERVICE

AML / KYC

FSS Asks Credit Card Firms to Improve AML

By Editors | 11/03/2016

Lotte and Hana warned about poor customer management.

Market Infrastructure

S.Korea to Push Ahead with Corporate Restructuring by FIs

By Samuel Riding | 25/02/2016

Delay had been expected due to concerns about unemployment, regional economy.

US Rate Hikes Threaten S. Korean Banks’ CAR

By Samuel Riding | 10/12/2015

FSC and FSS discuss pre-emptive action to fend of impact of long-mooted US interest rate hikes.

Korea Falls Short in CPMI/IOSCO Evaluation

By Samuel Riding | 01/12/2015

Korean authorities seen to lack observance in multiple areas of financial market infrastructure regulation.

Korea to Ease Foreign Bank Regulations

By Samuel Riding | 25/11/2015

Financial statements of foreign lenders operating in Korea will no longer be scrutinised by FSS.

S. Korea’s FSS to Encourage Financial Institutions to Take Active Part in Corporate Restructuring

By Editors | 28/10/2015

Country’s top financial regulator expected to push forward plan to restructure corporations in poor financial health this year.

S. Korea Probes Four Foreign Banks on Derivatives

By Editors | 15/10/2015

The 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.

S. Korea Signs MOU with CFTC on Cross-Border Clearing Supervision

By Editors | 28/09/2015

Enhances cooperation and information exchange in the supervision of clearing organisations that operate cross-border.

S. Korea Revises IT Rules for Financial Institutions

By Editors | 25/09/2015

Korea’s Financial Supervisory Service has announced revisions to rules on electronic finance supervision to incorporate exceptions for network separation at financial institutions.