FSC - Regulation Asia

Taiwan FSC Orders Governance Fix at Fubon Financial Holdings

The regulator is concerned the founding family holds undue influence at Fubon Financial Holdings and affiliates, compromising board of directors' autonomy.To continue reading......

August 13, 2018

247

Fintech / Regtech

Japan’s Line Corp to Set Up Digital Bank in Taiwan

'Line Bank' will be set up in partnership with up to five local partners to take deposits, provide loans, and sell mutual funds...

July 30, 2018

171

Enforcement

S. Korea FSC Imposes Six Month Suspension on Samsung Securities

A result of April's dividend payout error, Samsung Securities has been barred from accepting new clients for six months and order to...

July 29, 2018

192

Capital Regulation

S. Korea’s FSC Vows to Support Growth of Fintech Sector

Discussions are underway concerning a revision of South Korea’s Banking Act to nurture growth within the fintech industry, including a proposal to...

July 26, 2018

161

Fintech / Regtech

S. Korea FSC Reorganises to Meet ‘Fourth Industrial Revolution’

New body charged with industry-wide consumer protection issues; Financial Innovation Bureau formed to respond to new challenges including cryptocurrency.To continue reading... Sign...

July 24, 2018

206

Fintech / Regtech

Singapore, Korea Agree to Cooperate on Fintech

MAS and Korea's FSC have signed an agreement to provide regulatory support to fintech firms from either country looking to expand in...

July 19, 2018

73

Fintech / Regtech

S. Korea to Ease Rules on Cloud Storage of Customer Data

FSC is expanding the types of information financial companies can store on cloud computing systems to include personal credit and identification information.To...

July 16, 2018