FSC - Regulation Asia

FSC Korea to Provide Funding Support to Fintechs

FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.

September 19, 2019

192

Australia & NZ

RBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk

RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.

September 18, 2019

140

Capital Regulation

Taiwan FSC to Ease Calculation Method for D-SIB Capital

The move follows push back from some banks, saying that the higher capital buffer required of D-SIBs could raise funding costs and make them less competitive.

September 16, 2019

198

Korea

KRX Introduces Paperless Securities System

Starting 16 September, all listed stocks and bonds must be issued and registered electronically, and no longer exist in paper form.

September 16, 2019

362

Fintech / Regtech

Taiwan FSC Clarifies Rules on Virtual Bank Boards

Banks cannot have executives or board members serving concurrently as directors or supervisors at the virtual banks in which they are invested.

September 13, 2019

265

Feature

FSC Korea Gets New Chairman, Eun Sung-soo

In his inauguration speech, the new FSC chairman Eun Sung-soo vowed to act quickly if financial market volatility increases.

September 11, 2019

397

Korea

FSC Korea to Ease Major Shareholder Notification Rule

Institutional investors will be exempt from disclosing major shareholding changes when exercising their rights to remove law-breaking executives or to push for improved governance.

September 6, 2019

599

Fintech / Regtech

Korea Eases Fintech Investment Rules for Financial Firms

Under new guidelines, rules limiting how much financial firms can invest in non-financial sector tech firms will be lifted, and investment will be allowed in a wider range of fintech firms.

September 5, 2019