South Korea's financial watchdog chief, Lee Chan-jin, urged asset managers to better protect consumers due to increased market volatility and the rapid growth of the ETF market. Concerns were specifically raised about single-stock leveraged ETFs.
South Korea's Financial Supervisory Service (FSS) has reportedly decided to discipline MBK Partners Ltd. over its management of Homeplus Co., a struggling retailer. The penalty may include suspension from duties, marking a severe action against a private equity fund general partner. The FSS investigation uncovered improper business practices and violations of internal control obligations.
The UK's Financial Conduct Authority's £9.1bn car finance compensation scheme, intended for motorists overcharged due to commission payments, has been partly suspended by a court order, delaying payouts until a hearing in December or February.
South Korea's financial watchdog urged virtual asset market operators to strengthen internal controls and monitoring systems to regain market confidence and protect customers amid a slump in the first half of the year.
South Korea's financial watchdog chief, Lee Chan-jin, expressed serious concerns about the side effects of newly introduced single-stock leveraged ETFs, particularly those tracking Samsung Electronics and SK hynix. The agency is considering measures to protect investors from extreme volatility and potential losses.
South Korea's financial watchdog warned retail investors of potential losses due to extreme volatility in newly introduced single-stock leveraged ETFs. The underlying assets, Samsung Electronics and SK hynix, are experiencing increased volatility driven by an AI rally, amplifying risks for these ETFs.
Armenia and the US will conduct joint military drills, Eagle Partner, in Armenia from June 17-25. The exercises are part of preparations for international peacekeeping missions.
Japan's Financial Services Agency has ordered a one-month business suspension for the Woori Credit Union, a credit union for ethnic Koreans in Japan, after former executives embezzled billions of yen using fictitious accounts. The union allegedly concealed the fraud for years and destroyed evidence during inspections.
The UK's Financial Conduct Authority has warned football clubs, including Premier League teams, about sponsorship deals with unauthorized crypto businesses, citing risks to fans and potential breaches of financial laws.
UK's Financial Conduct Authority (FCA) faces pressure to ensure its AI deal with Palantir doesn't grant the Trump administration backdoor access to sensitive data, amid concerns over US data laws like the Cloud Act.
South Korea's financial watchdog chief, Lee Chan-jin, expressed concern that retail investors may suffer losses due to increased market volatility, especially with the upcoming introduction of single-stock leveraged ETFs. Retail investors have been a key driver of the KOSPI's rally, with margin debt reaching a record high.
South Korea's financial watchdog chief, Lee Chan-jin, expressed concerns that retail investors may suffer losses due to increased market volatility. This comes as the country prepares to introduce single-stock leveraged ETFs next week, which could lead investors towards riskier assets.
SEOUL, May 11 (Yonhap) -- The country's financial watchdog warned Monday that re...
The FCA is facing four legal challenges to its £9.1bn compensation scheme for motor finance scandal victims. Consumer group Consumer Voice and lenders Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance are contesting the programme, which would pay borrowers an average of £830 each for loans mis-sold through commission payments between lenders and car dealers from 2007-2024. The regulator said it will defend the scheme "robustly" as the "fastest, simplest route for consumers", but the legal actions create uncertainty for millions of borrowers and could delay payouts expected to begin this summer.
