All posts tagged "KDIC"
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128Capital RegulationKorean Cabinet Approves Rules on SIFI Resolution Plans
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
June 23, 2021 -
220Capital RegulationFSC Korea to Enhance Recovery and Resolution Regimes of SIFIs
SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.
February 21, 2021 -
258Fintech / RegtechS. Korean Law to Help Reverse Mobile Payments Made in Error
New legislation set to take effect in July will task the KDIC with helping users of mobile payment apps to retrieve funds that are transferred in error.
February 17, 2021 -
855Enforcement
Korea FSS Formally Launches Probe Into Private Funds Industry
Any misconduct detected during the probe will be referred to prosecutors and follow-up efforts will be made to protect investors. The probe is expected to continue until 2023.
July 21, 2020 -
1.0KEnforcement
S. Korean Regulators to Probe All Private Fund Operators
A new inter-agency team, led by the FSS, will be established by mid-July, and refer any illegalities detected to authorities for 'swift action' including prosection.
July 5, 2020 -
872Capital RegulationKDIC to Enhance Defences Against Defaults by Financial Firms
The Korea Deposit Insurance Corp will upgrade its risk assessment and monitoring system in 2019 to protect against the credit risks of financial firms.
December 14, 2018
