All posts tagged "FSC"
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62FeatureTWSE to Launch New Innovation Board in Q3 This Year
Companies will be required to meet a market cap threshold of TWD 1.5 billion to list on the new ‘Taiwan Innovation Board’, and profitability requirements will be eased.
January 22, 2021 -
84KoreaKorea to Require Brokers, Insurers to Enhance FX Risk Management
Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.
January 21, 2021 -
107FeatureRakuten Launches First Digital-only Bank in Taiwan
Rakuten International Commercial Bank was one of three groups granted authorisation to set up a digital bank in July 2019.
January 21, 2021 -
100KoreaKorea Announces Additional Support to Covid-19 Hit Businesses
The funding support includes additional support for small merchants, a new special lending programme, and additional funding for distressed asset manager KAMCO.
January 19, 2021 -
138KoreaDutch Brokerage IMC Granted Preliminary Licence in Korea
The approval of the preliminary financial investment business licence marks the FSC's first approval of a foreign-based trading firm in three and a half years.
January 18, 2021 -
99KoreaFSC Korea Prepares to Lift Ban on Illegal Short Selling
The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.
January 16, 2021 -
197Feature
Korea to Require ESG Disclosures from Listed Companies
Large companies will have to disclose ESG information from 2025. This will expand to all KOSPI-listed companies from 2030.
January 15, 2021 -
237Fintech / RegtechTaiwan FSC Approves Banks for Second Phase of Open Banking
Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.
January 11, 2021 -
108Capital RegulationTaiwan FSC Designates First Commercial Bank as Sixth D-SIB
In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.
January 2, 2021 -
110Enforcement
Cathay United Bank Penalised Over Misappropriated Client Funds
Cathay United failed to set up internal controls to prevent the theft of TWD 17.32 million from four clients by a customer relationship manager.
January 2, 2021
