All posts tagged "FSS"
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612Capital / LiquidityWoori to Seek FSS Approval to Use IRB Approach
Higher expected capital adequacy under the internal ratings-based approach for calculating risk-weighted assets will help to fuel M&A activity at the bank.
May 20, 2020 -
613KoreaS. Korea Enhances Flexibility for Financial Investment Businesses
The legislative revisions will allow firms greater flexibility to implement Chinese walls and outsource key functions, while allowing for harsher penalties when issues arise.
May 5, 2020 -
1.1KEnforcementKorea: FSS Confirms ‘Bad Bank’ Plan to Recover Lime Asset Losses
FSS governor Yoon Suk-heun also pledged to establish a sustainable monitoring system, in light of events at Lime Asset Management and last year's derivative product mis-selling at banks.
April 29, 2020 -
760EnforcementFSS Prompts JP Morgan Securities Seoul to Enhance Internal Controls
South Korea's FSS has reportedly instructed the Seoul branch of JP Morgan Securities to strengthen its internal controls on inter-subsidiary relations.
April 22, 2020 -
716Korea
Korea: Banks, Brokers Propose ‘Bad Bank’ to Recover Lime Asset Losses
19 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020 -
590Capital / Liquidity
S. Korean Regulators Urge Flexible ECL Approach During Covid-19
South Korean regulators are advising companies and auditors to consider government relief measures as risk-reducing when determining expected credit losses.
April 13, 2020 -
683EnforcementS. Korea: Covid-19 Loans Exempted From Misconduct Sanctions
Financial services workers delivering emergency support funds to businesses in need will be exempt from misconduct sanctions.
April 9, 2020 -
2.1KFintech / Regtech
Korea: FSS Enhances Supervision with Artificial Intelligence
The FSS has been applying AI to monitor insurance telemarketing, loan collections and online advertising, as well as to analyse complaints and PE fund reports.
April 9, 2020 -
770Korea
S. Korea: Financial Sector Delivers Relief for Small Business
Financial institutions are providing loan maturity extensions, interest payment deferment and low-cost loans to small business hit by Covid-19.
April 2, 2020 -
1.2KFintech / Regtech
S. Korea Tightens P2P Lending Limits to Guard Against Defaults
P2P lending caps are being lowered to protect investors against potential defaults and delinquencies caused by the Covid-19 crisis.
April 1, 2020
