Shinhan 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, 2022A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.
May 11, 2022Westpac issued consumer credit insurance policies to customers who did not request the product, then asserted a right to payment which customers were not liable for.
April 8, 2022IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.
March 22, 2022The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.
March 18, 2022Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
February 24, 2022