All posts tagged "Mis-selling"
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81EnforcementKorea FSS Imposes Light Punishments on Shinhan Execs
Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
April 26, 2021 -
144EnforcementSEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds
SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.
April 14, 2021 -
171KoreaNew Rules for Private Equity Funds Take Effect in Korea
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
March 23, 2021 -
216Hong KongHKMA to Commence Review of Front Office Incentive Systems
The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.
March 17, 2021 -
159EnforcementWoori Accepts FSS Compensation Guideline for Lime Losses
Woori will compensate investors who lost money from funds managed by Lime Asset Management in line with FSS recommendations.
March 16, 2021 -
215Enforcement
S. Korea Amends Bill to Protect Private Equity Fund Investors
The revision bill addresses issues with feeder funds, cross investing between PEFs managed by the same entity, and inappropriate sales activities involving coercive sales tactics.
March 12, 2021 -
210Australia & NZAPRA Accepts Court Enforceable Undertaking from Allianz
Allianz Australia acknowledges previous risk and compliance weaknesses and emphasises its commitment to addressing these issues.
March 11, 2021 -
224AML / KYCSEBI Consults on Creation of Accredited Investor Class
SEBI says the new investor classification can help it to focus its regulatory resources on investors that need more protection and facilitate innovation in the securities market.
March 4, 2021 -
166Enforcement
FSS Korea Orders Woori, IBK to Compensate Lime Investors
The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
February 25, 2021 -
138Australia & NZTargeted Product Intervention to Lead to ‘Less Regulation’: ASIC
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
February 23, 2021
