All posts tagged "KFB"
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586FeatureShinhan Bank to Pilot Crypto Service for Corporate Clients
Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.
April 12, 2022 -
495Fintech / RegtechKorean Banks to Request Entry into Crypto Sector – Report
A report will be submitted to the incoming president's transition committee requesting that banks be allowed to engage in the crypto sector.
April 7, 2022 -
692KoreaFSC Korea Says LIBOR Transition Progressing Smoothly
The CD rate has been actively replaced with Korea's new RFR, known as KOFR, since its introduction on 25 November, the FSC said.
December 31, 2021 -
273EnforcementS. 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 -
322Fintech / 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 -
372AML / 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 -
314Korea
Korea 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 -
335Enforcement
Korean 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 -
818EnforcementWoori 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 -
1.5KAML / 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
