Financial Services Commission to Regulate Loans for Speculative Homeowners and Commercial Rental Operators
South Korea's Financial Services Commission plans to extend loan regulations to include speculative one-homeowners and commercial rental operators, amid efforts to curb real estate speculation.
DSS witness testifies in EFCC chairman’s defamation case
A witness from the Department of State Services testified in a defamation case against the chairman of Nigeria's Economic and Financial Crimes Commission regarding alleged false claims made on social media.
From now on, reporting stock price manipulation = a turnaround in life... a reward of 24 billion won is not just a dream
South Korea's Financial Services Commission announced the removal of the cap on rewards for reporting stock market manipulation, enabling potential rewards of up to 30% of recovered illegal gains or penalties for whistleblowers.
Mandatory ESG Disclosures for Large KOSPI Companies Starting in 2028... Climate Finance Expanded to 790 Trillion
Starting in 2028, large KOSPI-listed companies will be required to disclose their ESG practices, with climate finance expanding from 420 trillion to 790 trillion won.
Financial Services Commission reviews LTV 0% for mortgage renewals for multiple homeowners
The Financial Services Commission in South Korea is considering applying a zero loan-to-value ratio to mortgage extensions for multiple homeowners, amid ongoing concerns expressed by President Lee Jae-myung about the lending practices.
Antitrust Commission blocks Visa's purchase of 51% of Prosa; Visa says it is 'disappointed'
Mexico's antitrust commission has blocked Visa's attempt to acquire a 51% stake in Prosa, stating it would harm competition in the financial services sector.
The Trap of 'Full Commission' in Prudential: Other Companies Also Review Business Models
Prudential Life Insurance has been embroiled in a major scandal involving over 100 employees defrauding around 500 clients of more than 3.1 billion yen, prompting an inspection by the Financial Services Agency and a 90-day suspension of new business activities.
Germany and France Call for Simplifying Financial Rules in the European Union
Germany and France proposed measures to simplify financial regulations in the EU, urging the European Commission to present an ambitious package to ease the burden on companies.
Two fractional investment exchanges receive preliminary authorization...selection of NextTrade and Korea Exchange consortiums
The Financial Services Commission of Korea has granted preliminary authorization to two consortiums, NextTrade and Korea Exchange, to operate fractional investment exchanges, while LucentBlock has been disqualified over fairness concerns.
Number of candidates for KOSDAQ delisting skyrockets to 150... Financial Services Commission says "delisting criteria will be strengthened"
The Financial Services Commission estimates that around 150 companies may face delisting from the KOSDAQ market this year, significantly higher than the initially expected 50, due to stricter delisting criteria for underperforming companies.
EU - Russia: The 20th sanctions package from Brussels against Moscow
The European Commission unveiled the 20th sanctions package against Russia since the start of the war in Ukraine, focusing on energy, financial services, and trade.
European Commission has proposed the 20th package of sanctions against Russia
The European Commission has proposed its 20th package of sanctions against Russia, focusing on energy, financial services, and trade, aiming for adoption before the fourth anniversary of the war on February 22.
The European Commission proposes the 20th sanction package against Russia
The European Commission is proposing a new sanction package targeting Russia's energy sector, financial services, and trade, which will be the 20th in a series of sanctions aimed at reducing Russia's revenue from energy resources.
Brussels proposes the 20th sanctions package against Russia after nearly 1,500 days of war: "The Kremlin deliberately attacks homes and civilian infrastructure"
The European Commission has unveiled its 20th sanctions package aimed at Russia, focusing on energy, financial services, and trade, as the war in Ukraine nears its four-year mark.
EU proposes 'powerful' 20th Russia sanctions package with full ban on oil maritime services
The European Commission has proposed a new set of sanctions against Russia, including a complete ban on maritime services for oil to further diminish financial support for its war in Ukraine.
Von der Leyen presents EU's 20th sanctions package against Russia
The European Commission has unveiled its 20th sanctions package against Russia, primarily targeting energy exports, financial services, and trade.
Personnel Changes on February 5
The article lists personnel changes across various departments and educational institutions in South Korea, including the Financial Services Commission and Hanyang University.
Jeollabuk-do urges 'Financial Services Commission' decision to highlight the third financial hub
Jeollabuk-do has formally requested the government to designate it as the country's third financial hub, emphasizing the development of a financial ecosystem centered on the National Pension Service.
Bank branches down by 900 over 5 years... Financial Services Commission strengthens closure requirements for the elderly
Over the past five years, more than 900 bank branches have closed nationwide, prompting the government to strengthen closure procedures to improve financial access for the elderly and local communities.
Institutional investors should supervise the implementation of stewardship codes... Financial Services Commission has neglected its duties for 10 years
The Financial Services Commission has been criticized for neglecting its duty to oversee institutional investors' adherence to stewardship codes for the past decade, with calls for improvement in market practices and culture.
Hong Eok-kyun: The U.S. Provides 400 Billion Won, But Expanding Reward for Reporting Stock Price Manipulation
Korea's Financial Services Commission chair, Hong Eok-kyun, announced plans to significantly raise reward caps for reporting unfair trading and to create a new fund for proportional rewards based on unlawful profits, following previous criticisms of the low reward cap in Korea compared to the U.S.