All posts tagged "FSC"
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102KoreaS. Korean to Change COFIX Calculation Starting in July
Bank lending rates should fall by about 0.27% starting in July as the new COFIX calculation methodology will include demand deposits, which pay a very low rate.
January 24, 2019 -
147KoreaS. Korean Regulators Require More Transparency on Bank Loans
New rules requiring disclosures to customers of credit assessment procedures and loan rate calculations have been introduced by South Korean regulators.
January 23, 2019 -
185FeatureS. Korea Broadens Professional Investor Pool to Boost Capital Markets
In addition to easing the requirements for registering as a professional investor, the FSC will introduce a new class of brokerage firm that will specialise in channelling funds to SMEs.
January 23, 2019 -
464Fintech / Regtech
S. Korea FSC Announces Fintech Policy Direction for 2019
More than 200 regulations under review to reduce barriers to fintech investment; Regulatory sandbox set for April launch.
January 17, 2019 -
589AML / KYCTaiwan to Ease AML Requirements for Low Risk Clients
The majority of banks' clients pose low money laundering risks, and should not be subject to the same level of scrutiny as high risk clients, said FSC chairman Wellington Koo.
January 3, 2019 -
334Securities & Trading
Taiwan Raises Chinese Equities Investment Limit for Offshore Funds
FSC loosens restrictions on investment in Chinese equities in response to proposed increase of China weighting in MSCI emerging markets index.
January 2, 2019 -
550EnforcementS. Korea’s Largest Crypto Exchange Accused of Inflating Volumes, Prices
South Korea's Upbit is alleged to have used bots to manipulate trading volumes and prices to attract investors to the exchange. Two officers and an employee have been indicted.
December 27, 2018 -
319Fintech / RegtechS. Korea to Accept Internet-Only Bank Applicants in March
Two new internet banks will be granted preliminary regulatory approval by May, allowing them to provide loans to consumers, households and SMEs, but not to corporates.
December 24, 2018 -
334AML / KYC
Taiwan FSC to Amend Rules on Beneficiary Disclosure
Insufficient disclosures of corporate clients' beneficiaries by financial institutions was cited as one of Taiwan's shortcomings in the APG's latest report.
December 20, 2018 -
293EnforcementKorean Regulators Become Latest Signatories to IOSCO EMMoU
South Korea's FSC and FSS have jointly become the 10th member of IOSCO's EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.
December 7, 2018
