The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.
August 17, 2021Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021Despite criticism from investors, most banks adopt a 20 percent cap on dividends, as recommended by the FSC in January.
June 3, 2021The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.
May 27, 2021Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
April 26, 2021Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.
April 22, 2021The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.
September 30, 2020Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020FSS 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, 202019 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020