All posts tagged "FSC"
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597FeatureFSC Korea Unveils 2020 Roadmap to Stimulate Capital Markets
The FSC's plans include the development of a high yield corporate bond market, an overhaul of securitisation regulations, and looser rules on securities firms providing capital to SMEs, among others.
March 5, 2020 -
622EnforcementKorea: Woori, Hana Barred from Selling PE Funds for Six Months
Woori Bank and Hana Bank are additionally being fined 19.71bn and 16.78bn won, respectively, for mis-selling of derivatives-linked funds.
March 4, 2020 -
478Korea
FSC Korea Plans New Legislation to Protect Delinquent Debtors
The bill is aimed at helping delinquent debtors get back on their feet by limiting debt collection activities and requiring lenders to offer restructuring opportunities.
March 4, 2020 -
1.1KFeatureS. Korea Set to Introduce Trade Repository in October
Legislative revisions have been approved establishing statutory provisions for a trade repository, and penalties up to 100mn won for failures to report OTC derivatives transaction information.
March 3, 2020 -
456Korea
S. Korea Mulls Hong Kong-Style Short Selling Rules
The FSC and FSS are considering restricting short-selling of listed companies based on market cap in a bid to level the playing field for retail investors.
March 3, 2020 -
441Korea
S. Korea Tightens Mortgage Lending in More Areas to Curb Speculation
New areas on the outskirts of Seoul have been designated speculative areas where the loan-to-value ratio on mortgage loans is being lowered to curb housing market overheating.
March 2, 2020 -
974Fintech / Regtech
FSC Korea to Enhance Support for Innovative Startups, SMEs
The policy plan includes support for 1,000+ innovative companies, a new business credit scoring system, a per-industry collective credit guarantee scheme, and the introduction of non-recourse factoring.
February 28, 2020 -
1.3KFintech / Regtech
FSC Korea Unveils Policy Initiatives to Promote Fintech, Digital Finance
South Korea's FSC has announced new policy measures in five key areas to promote fintech and digital finance, and establish a stronger foundation for financial sector innovation.
February 27, 2020 -
1.2KMarket InfrastructureTaiwan Banks Likely to Replace LIBOR with SOFR: FSC
The central bank calls on local banks to carefully evaluate the effects of the LIBOR transition, formulate benchmark conversion plans, and review the plans regularly.
February 26, 2020 -
495Capital RegulationFSC Korea to Tighten Financial Conglomerate Supervision from May
The FSC is revising its guidelines on the supervision of financial conglomerates to enhance capital adequacy assessments, disclosure rules, and internal controls requirements.
February 25, 2020
