Regulatory roundup, March 19
Korea gets tough on mis-selling, HK waives licensing fees, Japan-US agreement on derivatives market, Malaysia fund AUM grows by 16.5%, China's preferred share pilot programme.
South Korea: Watchdog toughens stance on mis-selling
A study by South Korea’s financial regulator has found that many investors choose investments that carry greater risk than they are willing to take. As a result, the Financial Supervisory Service has put prevention of financial product mis-selling at the top of its priority list for 2014.
The FSS plans to increase monitoring, mystery shopping and on-site examinations at banks. It will focus on firms that have significantly more…
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