All posts tagged "Jeong Eun-bo"
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306Crypto / Digital AssetsKorea Regulators Probe Crypto Industry Over Terra Collapse
Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
May 18, 2022 -
608Capital / LiquidityFSC Korea Directs Banks to Strengthen Capital, Risk Management
Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.
May 12, 2022 -
405AML / KYCKorean Police Arrest Woori Employee for Embezzlement
The theft occurred in three separate withdrawals between 2012 and 2018. It went undetected despite 11 inspections and audits at Woori during the period.
May 3, 2022 -
486Capital / LiquidityFSS Korea Asks Insurers to Increase Loss Reserves
FSS governor Jeong Eun-bo has warned insurers of a possible "perfect storm" building for the industry, citing rising interest rates and the war in Ukraine.
March 28, 2022 -
831Fintech / RegtechKorea FSS Vows to Increase Support for Fintech Industry
The FSS will push for the enactment of a so-called "Fintech Nurturing Act", which will ease restrictions on investment in fintech firms by financial companies.
January 24, 2022 -
436Korea
Korea FSS Asks Brokers to Prioritise Consumer Protection
The FSS is reviewing a decision to penalise nine market-makers, taking into account "self-correcting measures" by individual firms.
November 26, 2021 -
275Enforcement
FSS Faces Criticism Over Revamp of Supervisory Approach
South Korea's FSS will shift focus from disciplinary actions to risk prevention, according to FSS governor Jeong Eun-bo.
November 11, 2021 -
364Fintech / RegtechS. Korea to Tighten Rules for Bigtechs in Financial Services
FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.
October 11, 2021 -
288Enforcement
S. Korean Financial Firms Push Back Against Executive Accountability
Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021 -
372KoreaS. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations
The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.
September 7, 2021
