All posts tagged "antitrust"
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392Fintech / RegtechJapan Probes Barriers Preventing Fintechs Access to Zengin System
Japan's antitrust agency is looking into how banks decide fees for using the national interbank funds transfer system and whether they present an entry barrier for fintechs.
December 9, 2019 -
682Fintech / RegtechFirst Non-Financial Firm Approved to Raise Stake in Korean Digital Bank
According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea's two internet-only banks.
July 25, 2019 -
1.1KChinaICBC US Brokerage Unit Penalised for Unlawful ADR Practices
ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.
June 17, 2019 -
662Capital RegulationUPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
April 25, 2019 -
1.6KCapital RegulationJapan FSA Issues Proposal to Tighten Regional Bank Oversight
The FSA will stress tests regional banks and force weaker lenders to take action to improve profitability, replace their management, or merge.
April 4, 2019 -
440EnforcementMirae Chairman Steps Back from Management Amid Antitrust Probe
Park Hyeon-joo will head up the group’s global investment strategy even as the firm is under investigation for unfair trading practices.
May 28, 2018
