All posts tagged "private equity funds"
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444EnforcementKorea: Optimus Asset Management Ordered to Suspend Business
Company executives will be removed and designated administrators will take over their duties. Optimus is accused of fabricating depository statements sent to brokers.
July 1, 2020 -
387Enforcement
S. Korean Prosecutors Raid Fund Operator on Fraud Allegations
Accused of fabricating depository statements, Optimus Asset Management has suspended withdrawals from six feeder funds since last week, locking up 90bn won in investor money.
June 26, 2020 -
309Hong KongHKMA to Select Managers for New Growth Portfolio by H2 – Report
The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.
June 16, 2020 -
606EnforcementKorea: FSS Confirms ‘Bad Bank’ Plan to Recover Lime Asset Losses
FSS governor Yoon Suk-heun also pledged to establish a sustainable monitoring system, in light of events at Lime Asset Management and last year's derivative product mis-selling at banks.
April 29, 2020 -
425FeatureS. Korea Finalises Risk Management Rules for Private Equity Funds
Private equity funds will have to undergo regular audits, adopt new valuation guidelines, conduct regular liquidity stress tests, and cap leverage at 400% of assets, among other measures.
April 27, 2020 -
1.6KFintech / RegtechKorea: FSS Enhances Supervision with Artificial Intelligence
The FSS has been applying AI to monitor insurance telemarketing, loan collections and online advertising, as well as to analyse complaints and PE fund reports.
April 9, 2020 -
333EnforcementWoori Financial Chair Seeks Injunction Against FSS Santions
If the injunction is granted, it could clear the path for Woori Financial Group chairman Sohn Tae-sung to lead the group for another three-year term.
March 10, 2020 -
545Enforcement
Korea: Woori, Hana Barred from Selling PE Funds for Six Months
Woori Bank and Hana Bank are additionally being fined 19.71bn and 16.78bn won, respectively, for mis-selling of derivatives-linked funds.
March 4, 2020 -
477Capital RegulationFurther Volcker Rule Easing Proposed, Despite Dissenting Voices
The proposed revisions seek to relax the Volcker Rule's general prohibition on banks investing in hedge funds, private equity funds and credit funds.
February 1, 2020 -
327Capital Regulation
Volcker Rule Rewrite Gets Final Approval After Fed Sign-off
The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.
October 10, 2019
