All posts tagged "Woori Bank"
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786Capital / LiquidityBOK, FSS Launch Joint Audit into Major Banks’ Lending Practices
The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.
April 17, 2019 -
750China
S. Korea Designates 11 Banks as Won-Yuan Liquidity Providers
The banks selected by South Korea's central bank include 6 domestic institutions and 5 foreign institutions with local branches.
January 2, 2019 -
911Fintech / RegtechJP Morgan Blockchain-based Payments Platform Gains Traction
The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.
October 1, 2018 -
752Fintech / RegtechSouth Korea Designates Fintechs as Agents for Financial Institutions
Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.
September 21, 2018 -
701Capital / Liquidity
S. Korea Banks Face Loan Rate Manipulation Probe
FSS found thousands of irregularities in lending rate calculations including omission about income or collateral in credit evaluations, resulting in unfairly high lending rates.
June 25, 2018 -
1.6KEnforcementS. Korea Indicts 38 Bankers in Recruitment Probe
Charges against current and former bank officials involve hiring misconduct, special favours; 87% of hiring irregularities occurred at either KB Kookmin Bank or KEB Hana Bank.
June 18, 2018 -
725KoreaS. Korean Banks Create Self-Regulating Hiring Guidelines
Guidelines will reintroduce written exams, involve outside experts in screening and interviews, adopt “blind recruitment” to prevent discrimination, and abolish recommendation-based hiring.
June 7, 2018 -
671AML / KYCS. Korean Banks’ AML Programmes Under US Regulatory Scrutiny
New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.
May 23, 2018 -
926Korea
S. Korea Banks Respond to Hiring Scandals with New Recruitment Standards
Korea Federation of Banks has submitted a draft proposal to the FSC which includes written exams for candidates, document screening by external agencies and blind interview processes.
May 18, 2018 -
564Enforcement
S.Korea FSS Chief Resigns Just Weeks into The Job
Election watchdog finds governor Kim Ki-sik in violation of laws for overseas trips sponsored by financial institutions and political donations.
April 19, 2018
