The concerns relate to self-issued equity and derivative-linked bonds sold by securities firms, and the offering of high interest credit loans to investors.
December 29, 2022The FSS told Shinhan Bank to strengthen its fraud detection system and Woori Bank to improve its post-sale management of fund products.
December 23, 2022The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.
November 18, 2022SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.
September 27, 2022The FSS sought to reprimand Sohn Tae-seung, but two courts have now ruled in favour of the Woori Financial Group chairman and CEO.
August 4, 2022Shinhan Bank is being suspended for three months from selling new private equity fund products and fined KRW 5.7 billion.
July 8, 2022Two years ago, the government banned LICs and LITs from paying stamping fees to AFS licensees for help secure investors for capital raisings.
July 8, 2022DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.
July 4, 2022Financial services firms are required to protect consumers and the public during the entire lifecycle of a financial product or service.
May 26, 2022Some incentive systems used in retail banks' front offices may unintentionally push staff to prioritise business objectives over customer outcomes.
May 26, 2022