All posts tagged "FSS"
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185EnforcementKEB 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 -
406EnforcementRedemptions 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 -
219KoreaKorea 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 -
332EnforcementUPDATED – 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 -
574KoreaKorean 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 -
292Capital 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 -
436Fintech / RegtechKorea to Ease Entry of Innovative Businesses in Finance
The FSC and FSS have jointly announced a set of measures designed to simplify the approval process for innovative businesses in finance.
August 14, 2019 -
789EnforcementFSS Korea to Probe Major Banks for Mis-sold Financial Products
Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.
August 14, 2019 -
906Capital Regulation
S. Korea Announces Adjusted Schedule for Initial Margin Rules
Korea has adjusted its domestic implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.
August 9, 2019 -
530Enforcement
S. Korea Forms Special Unit to Investigate Unfair Trading
The squad comprises 16 special judicial police officers, one FSC public official and 15 FSS employees, tasked with handling unfair trading cases under the command of Seoul prosecutors.
July 19, 2019
