All posts tagged "consumer protection"
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341Asia-PacificBSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox
A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.
March 24, 2021 -
262KoreaNew Rules for Private Equity Funds Take Effect in Korea
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
March 23, 2021 -
514KoreaNew Financial Consumer Protection Law to Take Effect in Korea
The law expands consumer rights, raises penalties for breaches, and requires FIs to set up internal controls to protect consumers.
March 22, 2021 -
595Big PictureBIS Paper Offers Policy Options for Regulating Bigtech
Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.
March 17, 2021 -
199Australia & NZASIC Consults on Deferred Sales Model for Add-on Insurance
From 5 October, the deferred sales model will introduce a four-day pause between the sale of a principal product or service and the sale of add-on insurance.
March 13, 2021 -
434Enforcement
S. Korea Amends Bill to Protect Private Equity Fund Investors
The revision bill addresses issues with feeder funds, cross investing between PEFs managed by the same entity, and inappropriate sales activities involving coercive sales tactics.
March 12, 2021 -
318Asia-Pacific
BSP Advocates Passage of New Consumer Protection Law
The proposed law will allow financial regulators to issue consumer protection rules, conduct market surveillance and examination, and adjudicate complaints.
March 10, 2021 -
362Feature
FSC Announces Selection of Korea’s New Risk-free Rate
The FSC will work on measures to promote and facilitate the use of the new RFR, including by listing RFR futures by year-end.
March 4, 2021 -
219Fintech / RegtechKorea: Supervisory Power Struggle Deepens Between BOK, FSC
The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a "Big Brother law".
February 26, 2021 -
234Asia-PacificBSP to Draft Data Governance Policy for Financial Institutions
The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.
February 23, 2021
