All posts tagged "FSS"
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344Fintech / 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 -
623EnforcementFSS 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 -
684Capital 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 -
458Enforcement
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 -
779EnforcementKRX Fines Merrill Lynch for High-Frequency Trading Activities
KRX found that over an eight-month period, Merrill Lynch's Seoul branch engaged in 6,220 high-frequency trades on behalf of a foreign hedge fund.
July 17, 2019 -
494Capital Regulation
Korea FSS Warns Banks of Liquidity Risk at China Units
KB Kookmin and KEB Hana have three months to submit plans for reducing their China corporate bodies' reliance on support from their Korean parents.
July 10, 2019 -
1.3KFintech / Regtech
Korea FSS to Use Artificial Intelligence for PE Fund Screening
The proposed AI system will be used to analyse the terms and conditions of new private equity fund contracts to increase screening speed and efficiency.
June 20, 2019 -
501Korea
FSC, FSS Agree to Audit KRX, Disagree on Scope
The FSS and FSC have agreed to conduct an audit of KRX by year end, though they disagree on its possible scope and comprehensiveness.
June 20, 2019 -
491FeatureKorea 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 -
1.1KEnforcement
UPDATED – 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
