All posts tagged "BOK"
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1.4KFintech / RegtechBOK, FSC Clash Over Supervisory Authority in Fintech, Payments
The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.
November 21, 2020 -
544Korea
BOK Extends Special Loan Facility for Banks, Brokers, Insurers
To be extended until 3 February, the special lending programme permits banks, brokerages and insurers to take out loans from the BOK against collateral.
November 3, 2020 -
810KoreaFSC to Tighten Loan Rules, Banks Grow Risk Averse
Chairman Eun Sung-soo said the FSC could impose regulatory measures to curb rising household debt. Meanwhile, banks have indicated a growing aversion to household lending.
October 14, 2020 -
1.2KFintech / Regtech
BOK On Track to Test CBDC Distribution in 2021
The distribution and circulation test is the final part of a three-step, 22-month pilot programme which commenced in April.
October 11, 2020 -
1.3KFintech / Regtech
BOK Seeks Consulting Partnership to Advance CBDC Work
BOK is looking to partner with a local company to establish the system architecture for a CBDC to initiate a pilot test by end-2021.
September 1, 2020 -
845Korea
Korea to Extend Short Selling Ban Six More Months
During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
August 28, 2020 -
1.2KKoreaEximbank Issues South Korea’s First SOFR-linked Bonds
State lender Eximbank is the first financial institution in South Korea and the third in Asia to issue SOFR-linked bonds.
August 21, 2020 -
685FeatureKorea Launches Bond-Buying, Asset-Buying SPVs
Korea Development Bank is operating an SPV to buy low-rated corporate debt. KAMCO is separately being deployed to buy up corporate assets at fair prices.
July 20, 2020 -
1.5KAML / KYC
BOK Takes Over Blockchain Authentication Tool BankSign
BankSign was developed by Samsung SDS in collaboration with the Korea Federation of Banks to allow for easier customer authentication on different banks’ mobile apps.
July 15, 2020 -
915Fintech / RegtechBOK to Boost AI Capabilities Through Kakao Partnership
Kakao Enterprise's AI technology will initially be used for task support such as taking meeting minutes, before the partnership later expands to support BOK policy-making.
June 24, 2020
