All posts tagged "FSS"
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322UncategorisedKorea to Develop New Benchmark Interest Rate
The FSC and BOK have formed a task force to develop a new benchmark interest rate and improve the current method of calculating the existing benchmark.
June 19, 2019 -
888EnforcementUPDATED – Merrill Lynch in KRX Crosshairs for High-Frequency Trading
KRX probe to determine if Citadel's HFT algorithm breached fair trade rules; Merrill Lynch reprimand to be decided following alleged market disruption.
June 12, 2019 -
350EnforcementS. Korea: Nine Securities Firms, KSD Face Disciplinary Action
The Korea Securities Depository and nine brokerages are facing penalties for inadequate internal controls over their offshore equities trading
June 11, 2019 -
298KoreaFSC Korea Proposes More Flexible Business Conduct Rules
'Chinese walls' at financial firms will be set up around 'information units' rather than 'business units'. Firms can entrust a broader range of business to third parties and IT firms.
June 2, 2019 -
381AML / KYC
FSC Korea Fines Four Brokers for False Name Accounts
South Korea's FSC has fined four local brokerages for holding accounts belonging to Samsung Group chairman Lee Kun-hee under other people's names.
May 17, 2019 -
491KoreaFSS to Relaunch Inspections of Financial Firms This Month
The FSS will look into corporate governance, internal controls and consumer protection practices at KB Financial Group, KB Kookmin Bank and KB Securities, among others.
May 2, 2019 -
681Asia-Pacific
Korean FIs Should Strengthen Ties with ASEAN Countries – FSS
FSS first senior deputy governor Yoo Kwang-yeol in a closed door meeting told Korean financial institutions with units in Southeast Asian countries to offer more localised financial services.
April 22, 2019 -
376Uncategorised
S. Korea Passes Law Allowing Robo Advisers to Manage Funds
Korea is allowing robo advisers to operate funds, provided they are managed in line with disclosed objectives and have security breach prevention measures in place.
April 18, 2019 -
431Capital RegulationBOK, FSS Launch Joint Audit into Major Banks’ Lending Practices
The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.
April 17, 2019 -
455Capital RegulationS. Korea Basel III Adoption is Credit Negative – Moody’s
The reforms will lower the risk weights Korean banks use, resulting in reduced risk-weighted assets and freed-up capital, which will likely be used for new loans or to pay out dividends.
April 17, 2019
