All posts tagged "FSC"
-
51AML / KYCTaiwan FSC Fines Nan Shan Life Insurance Over Lax Controls
The FSC found that 122 sales personnel paid premiums on behalf of clients with their own credit cards to earn rewards points offered by banks.
May 6, 2021 -
60Australia & NZAustralia Enhances Super Fund Performance Test in Draft Bill
Industry bodies broadly support the inclusion of administrative fees in the performance test, though an extra one million super accounts could fail the test as a result.
May 5, 2021 -
100FeatureFSC Warns Against Illegal Moves as Korea Resumes Short-Selling
Korean regulators have been working to enhance protection measures for retail investors ahead of the partial resumption of short-selling on Monday.
May 4, 2021 -
48Australia & NZAustralia: Treasury to Merge Quality of Advice, Life Insurance Reviews
Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.
May 1, 2021 -
129Fintech / RegtechSavings Banks Introduce Open Banking Services: FSC Korea
Open banking is now being provided by all types of deposit-taking institutions in Korea. Credit card companies will start from end-May.
May 1, 2021 -
94Capital RegulationFSC Korea to Promote Lending to Low Credit Score Borrowers
Banks will be advised to boost mid-range interest rate lending to borrowers with low to moderate credit scores, among other measures.
April 28, 2021 -
138Fintech / RegtechTaiwan FSC Directs LINE Bank to Conduct Stress Tests
LINE Bank services crashed on Thursday due to "system overload" just as it launched new digital banking services.
April 27, 2021 -
82EnforcementKorea FSS Imposes Light Punishments on Shinhan Execs
Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
April 26, 2021 -
130EnforcementTaiwan FSC Fines Fund Managers for Stock Manipulation
The three fund managers bought shares in Far Eastern Department Store at the request of a former official who has since been charged with corruption.
April 26, 2021 -
48Korea
S. Korea to Improve Debtor Access to Legal Representation
The FSC will increase support and accessibility to free legal representation for debtors, as well as strengthen coordination with investigative authorities.
April 24, 2021
