Large losses on leveraged positions at Hong Kong-based Gen2 Partners earlier this year prompted a liquidity squeeze and a freeze on early redemptions.
July 7, 2020The designation will be valid for two years, allowing the brokers to receive preferential policy incentives for boosting investment in SMEs.
May 6, 2020The FSC said it plans to make a decision on initial approvals in December, after three consortia submitted bids in the second round of applications for internet-only bank licences.
October 16, 2019The FSC will accept applications again during Q3 this year. Kiwoom Bank and Toss Bank can address their shortcomings and resubmit their applications.
May 27, 2019The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.
March 29, 2019