All posts tagged "FSS"
-
368KoreaKorea FSS Pledges to Improve Environment for Foreign FIs
At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.
December 3, 2019 -
349Fintech / RegtechS. Korea Establishes Legal Basis for P2P Lending Businesses
Korea has passed new legislation establishing a legal basis for the operation of P2P lending businesses and the regulatory oversight role of the FSC and FSS.
November 5, 2019 -
422EnforcementFSS to Conclude Probe into Derivatives Mis-selling This Week
The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for 'obstructing' the investigation.
October 28, 2019 -
792EnforcementJPM, SocGen Earned $6.8mn on Money-Losing DLFs Sold in Korea
FSS data shows that JP Morgan Chase and Société Générale earned nearly $6.8mn from the high-risk derivatives products sold through KEB Hana and Woori Bank.
October 23, 2019 -
369EnforcementKEB Hana Under Added Scrutiny for Document Deletion
KEB Hana Bank is said to have deleted data related to the sale of derivative-linked funds after the FSS had already declared its intent to conduct inspections at the bank.
October 17, 2019 -
567EnforcementRedemptions Halted at Korean Hedge Fund Amid Probe
An FSS probe into alleged unfair trading has triggered investor redemptions which Lime Asset Management has not been able to meet.
October 11, 2019 -
269KoreaKorea FSS to Inspect Shinhan Governance This Month
The FSS is reportedly looking into Shinhan’s governance structure ahead of the end of its current chairman’s term in March 2020.
October 8, 2019 -
402EnforcementUPDATED – Woori, KEB Hana Likely to Compensate Investors in Risky Products
The FSS is outlining compensation guidelines and initiating dispute mediation proceedings for investors who lost money in derivative-linked funds.
September 23, 2019 -
678KoreaKorean Banks Boost Spending of Cybersecurity, IT: BOK
Banks are increasingly relying on outsourcing for cloud computing, which may become a potential vulnerability if adequate precautions are not in place.
September 17, 2019 -
335Capital RegulationCapital Adequacy Deteriorates at Korean Internet-only Banks
The capital adequacy ratios of K Bank and Kakao Bank have fallen to 10.62% and 11.74%, respectively, compared 15.34% at Korea’s other institutions.
September 4, 2019
