A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.
July 15, 2022The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022National low-carbon transition funds will be established and existing government investment funds will help to facilitate decarbonisation.
June 3, 2022Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
May 28, 2022A common tax arbitrage trading strategy is now being prosecuted as outright tax avoidance, catching global banks and traders in a broad net.
May 10, 2022President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.
May 5, 2022The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.
April 23, 2022Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.
April 1, 2022Economic organisations will be allowed to provide offshore loans provided they comply with relevant laws and receive approval from the Prime Minister's office.
April 1, 2022The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.
March 22, 2022