All posts tagged "FSC"
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329Fintech / RegtechS. Korea FSC Receives Three Applications for Internet-Only Banks
The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.
March 29, 2019 -
555Capital Regulation
New Internet-Only Banks in S. Korea to Get Grace on Basel Rules
The FSC wants to grant new internet-only banks three years' grace on Basel III requirements to ease the regulatory burden during the early stages of their business operation.
March 26, 2019 -
557KoreaS. Korea to Reduce Securities Transaction Tax This Year
The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.
March 25, 2019 -
389Capital Regulation
S. Korea to Make Loan Approvals More Startup Friendly
The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.
March 25, 2019 -
298EnforcementS. Korea FSS’ Integrity Questioned in Local Report
As discussions progress on granting the FSS greater investigative powers, a local media report raised questions on the regulator's integrity, citing its 2018 requests that fines against its staff be dismissed.
March 22, 2019 -
490Korea
S. Korea FSC Chair Renews Call to End Stock Transaction Tax
Lawmakers want the securities transaction tax abolished. The government want a more gradual approach. FSC chairman Choi Jong-ku welcomes either discussion.
March 8, 2019 -
717Big Picture
S. Korea FSC Unveils 2019 Financial Policy Roadmap
Highlights will include measures to accelerate financial innovation, approve online-only banks, launch a regulatory sandbox, and strengthen consumer and investor protection.
March 8, 2019 -
473Capital Regulation
S. Korea FSC Wants More Supervision over Financial Conglomerates
South Korea's FSC is pushing to expand its oversight of conglomerates to include those that own other types of financial businesses besides banks.
March 7, 2019 -
668Capital Regulation
S. Korea Issues New Guidance on Large Exposures
Moody's says the requirements are more conservative than existing limits on counterparty risk and will further reduce banks' maximum losses if a counterparty suddenly fails.
March 7, 2019 -
491Enforcement
S. Korea Mulls Granting Investigative Powers to FSS
Under the new approach, the FSS will be able to launch investigations without having to first report to the FSC and request warrants to search and seize evidence.
March 6, 2019
