All posts tagged "KFB"
-
226EnforcementS. 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 -
269Fintech / RegtechBOK Seeks Authority to Monitor Crypto Transactions – Report
The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.
May 16, 2021 -
316AML / KYCKorean Lawmakers Push for Tougher Crypto Legislation
Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.
May 12, 2021 -
274KoreaKorea to Root Out Speculation in Real Estate Market
The FSC is setting up a special financial response team and new monitoring system to root out speculation in the property market.
April 10, 2021 -
259EnforcementKorean Bankers Grow Fearful of ‘Unilateral’ Regulatory Penalties
Korea Federation of Banks chairman says the punishments imposed against executives whose banks sold Lime funds are seen by many as a way to shift blame.
March 11, 2021 -
762EnforcementWoori to Dismiss 19 Employees Following Unfair Recruitment Probe
The Supreme Court ruled that 27 of Woori's employees were involved in unfair hiring practices, 19 of which still work for the bank.
October 21, 2020 -
1.4KAML / KYC
BOK Takes Over Blockchain Authentication Tool BankSign
BankSign was developed by Samsung SDS in collaboration with the Korea Federation of Banks to allow for easier customer authentication on different banks’ mobile apps.
July 15, 2020 -
1.4KAML / KYCS. Korea Approves Use of Biometrics for Digital Identification
Korea's Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
July 6, 2020 -
692Capital RegulationFSS Korea Directs Banks to Defer Business Expansion
FSS governor Yoon Suk-heun said financial firms should brace for a "prolonged fallout of Covid-19" and focus on boosting internal reserves and loss absorbency capacity.
May 27, 2020 -
743Capital RegulationS. Korea Announces Emergency Financial Aid Package
The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.
March 24, 2020
