All posts tagged "FSC"
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147KoreaFSC Korea Launches Bankruptcy Financing Firm for SMEs
The new firm will offer "debtor-in-possession" loans to SMEs, allowing incumbent chief executives to remain in control during restructuring.
November 20, 2019 -
332Enforcement
UPDATED – South Korea Cracks Down on High-Risk Derivatives Sales
Penalties for mis-selling are being toughened to include fines up to 30 million won and pubitive fines up to 50 percent of unfair gains. New standards for professional investors also established.
November 14, 2019 -
292Securities & TradingTWSE Mulls New Measures to Boost Liquidity in Inactive Stocks
Under a proposed new system, brokerage firms would perform the role of market makers for a guaranteed number of stocks, effectively making low-liquidity stocks easier to trade.
November 6, 2019 -
304Fintech / Regtech
S. Korea Establishes Legal Basis for P2P Lending Businesses
Korea has passed new legislation establishing a legal basis for the operation of P2P lending businesses and the regulatory oversight role of the FSC and FSS.
November 5, 2019 -
416Feature
S. Korea Passes Benchmark Legislation, Seeks BMR Equivalence
The new legislation will strengthen the management and supervision of financial benchmarks and their administrators, the FSC said.
November 4, 2019 -
380KoreaKorea Passes Legislation to Enable Asia Region Funds Passport
The legislative revision to implement the ARFP in Korea will take effect after six months, and will allow Korean funds to be eligible for offer in other member economies.
November 4, 2019 -
777Fintech / Regtech
S. Korea Launches 10-Bank Pilot of Open Banking System
Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.
October 31, 2019 -
288Enforcement
FSC Korea to Raise Penalties for Illegal Short Selling
On top of the higher penalties for illegal short selling, the FSC will penalise violators extra if they are found to have also engaged in unfair dealing.
October 22, 2019 -
448Capital RegulationKorea to Impose Loan-to-Deposit Cap on Savings Banks
The loan-to-deposit rate at savings banks will be limited to 110% starting from 2020, and further tightened to 100% in 2021. Currently, commercial banks already face the 100% limit.
October 21, 2019 -
501Enforcement
FSC Korea to Boost Supervisory Capacity to Prevent Mis-selling
The FSC will reportedly increase the number of banking, financial investment and asset management experts it has on staff for inspections of banks, security firms and insurers.
October 21, 2019
