Hints and tips:
...The FSS’s punishment was much weaker than expected, after regulators hinted at severe punishment for the bank’s top executives during their investigations over the past two months....
...The FSS has also introduced measures to protect retail investors by halting trading in some “dangerously overheating” stocks for a day and regulating their trading prices for three days....
...“These politically-themed stock prices do not reflect fundamentals such as corporate earnings but are just bubbles inflated by speculative demand,” the FSS said in a statement, adding that it is looking...
...A banking analyst at a foreign financial institution said that the FSS’s proposed penalty risked turning Mr Hwang into a lame duck at KB before his term as chairman ends in September 2011....
...“It is a pre-emptive measure to prevent a situation like the Kiko crisis,” said a high-ranking official at the FSS....
...The FSS said it had received more than 100 complaints related to the same investment product....
...However, the fierce competition led the FSS to begin tracking banks’ operations last month to ensure that the battle for market share did not jeopardise the institutions’ profitability and financial health...
...The FSS said it had not yet decided what action to take. Possible punishments are expected to to be discussed next month, it said....
...And why did the FSS focus on foreign banks if, as it admits, they are more expert than local brokers in derivatives?...
...The FSS and a cross-party group of lawmakers are backing legislation stipulating that at least half of the directors of domestic banks must be South Korean....
...The FSS is also investigating other major shareholders of LG Card - including the LG Group?s controlling family members - on similar charges....
...The FSS said most of the past wrongdoing was corrected in Hyundai?s 2001-2003 books....
...But Hynix could be fined as little as Won20bn, the FSS official said....
...The move is over and above the FSS routine investigations into banks in the country....
...The FSC advises the government on policy, while the FSS supervises and investigates financial institutions....
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