South Korea's ruling party and government are in talks to retain the Financial Services Commission, deciding against creating a separate Financial Supervisory Commission.
#YonhapInfomax #FinancialServicesCommission #SouthKorea #FinancialSupervision #GovernmentPolicy #RegulatoryReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83394

South Korea’s top policy official says the government’s overhaul of the Financial Services Commission resolves longstanding issues by separating policy and supervisory functions, despite market concerns over increased regulatory complexity.
#YonhapInfomax #FinancialServicesCommission #PolicyReform #FinancialSupervision #ConsumerProtection #GovernmentRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80838

South Korea will dismantle its Financial Services Commission and split policy and supervisory functions among four agencies, raising concerns over market confusion and weakened crisis response.
#YonhapInfomax #FinancialServicesCommission #FinancialSupervision #PolicySeparation #MarketConfusion #CrisisResponse #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80565

Bank of Korea Governor Rhee Chang-yong urges greater authority for the central bank in joint inspections and investigations of non-bank financial institutions, highlighting regulatory gaps.
#YonhapInfomax #BankOfKorea #RheeChangYong #NonBankInstitutions #RegulatoryAuthority #FinancialSupervision #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71598

Democratic Party explores transferring Financial Services Commission's policy functions to Ministry of Finance, aiming to reform financial supervision system and address conflicts of interest
#YonhapInfomax #DemocraticParty #FinancialServicesCommission #MinistryOfFinance #FinancialSupervision #GovernmentReorganization #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61367

Innovation Party proposes splitting Ministry of Economy and Finance into three departments, aiming to reform budget allocation and financial supervision amid criticism of excessive power concentration.
#YonhapInfomax #MinistryOfEconomyAndFinance #BudgetReform #FinancialSupervision #GovernmentRestructuring #PublicInstitutionManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61142

Lotte Card faces significant loan defaults related to rental company factoring, with losses estimated in hundreds of billions of won amid internal control concerns and ongoing FSS inspection.
#YonhapInfomax #LotteCard #LoanDefaults #Factoring #RentalCompanies #FinancialSupervision #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51967

FSS Governor Lee Bok-hyun urges Woori Financial Chairman Lim to complete term amid governance concerns, emphasizes strict evaluation of recent controversies
#YonhapInfomax #LeeBokhyun #WooriFinancial #GovernanceIssues #FinancialSupervision #BankingIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51354

Financial regulators and industry leaders collaborate to enhance corporate governance through specialized training for bank outside directors, aiming to improve decision-making and internal controls in financial institutions.
#YonhapInfomax #OutsideDirectors #FinancialTraining #CorporateGovernance #BankingIndustry #FinancialSupervision #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50688

RT @RaymondFrenken: On @Inv_Officer_LU: ‘Ambitious’ ESMA wants to create common supervisory culture in EU

--> in other words: national approaches in EU fin market supervision are still diverging

@ESMAComms @cssflux @FSMA_info @AutoriteitFM #financialsupervision #finreg

https://www.investmentofficer.lu/en/news/ambitious-esma-wants-common-supervisory-culture

🐦🔗: https://nitter.eu/EU_SRB/status/1579766824178429952