All posts tagged "FSS"
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48EnforcementKorea: Daishin Securities Ordered to Compensate Lime Investors
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021 -
76KoreaKorean Regulators Ramp Up Scrutiny of IPO Valuations
Listing applicants in Korea have recently had to lower their IPO pricing to address FSS concerns over high valuations.
July 18, 2021 -
91EnforcementKorea FSC Extends Optimus Suspension for Six More Months
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021 -
105Capital RegulationFSC Korea to End Bank Dividend Cap on 30 June
The FSC arrived at the decision based on economic projections, bank stress tests, higher capital adequacy ratios, and higher loan loss provisions.
June 28, 2021 -
99Capital Regulation
Korean Cabinet Approves Rules on SIFI Resolution Plans
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
June 23, 2021 -
140AML / KYC
FSC Korea Meets Crypto Exchanges Over Regulatory Reforms
The meeting focused on the operational difficulties faced by firms as they try to meet new regulatory requirements by a 24 September deadline.
June 7, 2021 -
159AML / KYCKorea Designates FSS as Agency to Regulate Virtual Assets
The FSS will oversee the crypto industry, including in relation to AML rules imposed by the Act on Reporting and Using Specified Financial Transaction Information.
June 3, 2021 -
84EnforcementKorea FSS Orders IBK to Compensate Investors Over Mis-sold Funds
The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.
May 27, 2021 -
285Korea
FSC Korea Advances Initiatives to Respond to Climate Risk
The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.
May 26, 2021 -
146EnforcementKorea FSS Imposes Light Punishments on Shinhan Execs
Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
April 26, 2021
