Announcement of Improvement Plan for Electronic Payment Agency (PG) Business System to Prevent Recurrence of T-Map IncidentAnnouncement of Improvement Plan for Electronic Payment Agency (PG) Business System to Prevent Recurrence of T-Map Incident

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티메프 사태 재발 방지를 위한 전자지급결제대행(PG)업 제도개선안 발표 - PG사의 미정산자금 전액에 대한 별도관리 의무 도입 -  - PG사가 경영지도기준이나 별도관리 의무를 미준수시 조치근거 마련 -   금융위원회는 관계부처 협의 및 전문가 의견수렴을 거쳐 티메프 사태의 재발 방지를 위한 「 전자지급결제대행업 (PG) 제도개선방안」 을 마련하였다. 제도개선방안의 주요 내용은 다음과 같다.   첫째, PG사의 정산자금 전액이 안전하게

Continue ReadingAnnouncement of Improvement Plan for Electronic Payment Agency (PG) Business System to Prevent Recurrence of T-Map IncidentAnnouncement of Improvement Plan for Electronic Payment Agency (PG) Business System to Prevent Recurrence of T-Map Incident

FSC discussed the direction that the mutual finance sector should take in order to regain its identity as a ‘regional and people’s financial institution’

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‘ 지역·서민금융기관 ’으로서의 모습을 되찾기 위해 상호금융권이 나아가야 할 방향을 논의했습니다. - 금융위원장 금융권 릴레이 간담회: 상호금융권 - □ 김병환 금융위원장은 최근 상호금융권이 외형성장에만 치중하여 ‘지역·서민금융기관’의 역할에 소홀해온 점을 지적하면서,   ㅇ 건전성 회복과 리스크 관리 역량 강화를 추진하면서 본연의 모습을 찾기 위한 방안을 모색할 것을 당부   □ 이를 위해 다음의 내용에 대해 강조하였음

Continue ReadingFSC discussed the direction that the mutual finance sector should take in order to regain its identity as a ‘regional and people’s financial institution’

The reorganization of CONSOB (Italy’s financial markets regulator) is set to begin in October, with a focus on enhancing efficiency and expanding the use of artificial intelligence – Nadia Linciano has been appointed as the new Secretary General to lead this transformation

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Continue ReadingThe reorganization of CONSOB (Italy’s financial markets regulator) is set to begin in October, with a focus on enhancing efficiency and expanding the use of artificial intelligence – Nadia Linciano has been appointed as the new Secretary General to lead this transformation

Nature-related risk: legal implications for central banks, supervisors and financial institutions

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Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ESCB Legal Conference 2024 Frankfurt am Main, 6 September 2024 As a lawyer, I am always glad to discuss the novel legal issues affecting the work of central banks and supervisors.

Continue ReadingNature-related risk: legal implications for central banks, supervisors and financial institutions