All posts tagged "FSC"
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343Asia-PacificMalaysia Banks Can Withstand Severe Shocks – BNM
The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.
March 16, 2018 -
307Fintech / RegtechSouth Korea’s FSC Proposes Fintech Link with Indonesia
Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.
March 10, 2018 -
323Enforcement
S. Korea Seeks Powers to Fine False-Name Bank Accounts
Legislative reforms aimed at granting FSC powers to collect fines of over 50 percent of assets found in false-name bank accounts.
March 7, 2018 -
390FeatureTaiwan Brokers Set to Issue Exchange Traded Notes
Brokers with capital adequacy exceeding 250 percent and net value over NTD10 billion will be allowed to issue the new debt instruments.
March 3, 2018 -
298Capital RegulationS.Korea Regulators Probe Bank’s Lending Practices
Regulators want to ensure banks are determining interest rates properly as household debt stubbornly refuses to decline.
February 28, 2018 -
376EnforcementKorea Seeks to Expand Recruitment Probe to NBFIs
Probe could include some 70 savings banks, insurers, credit card providers and investment companies.
February 9, 2018 -
581EnforcementCitibank Taiwan Fined for ex-Financial Planner’s Misconduct
Bank reported financial adviser to regulator and dismissed them after uncovering misconduct involving more than $3mn.
February 5, 2018 -
568Fintech / RegtechSouth Korea Pursues Global Cooperation on Crypto Regulation
Ministry of Strategy and Finance officials have been sent to Japan to discuss oversight and taxation issues, with plans to also visit US, UK, German authorities.
January 31, 2018 -
462AML / KYC
Crypto Exchanges Back on Track in S.Korea with New Account Guidelines
Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.
January 25, 2018 -
574Capital Regulation
Taiwan Regulator Eyes Digital-Only Bank Regime
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
January 24, 2018
