LAS VEGAS, Oct. 26 (Korea Bizwire) — Today Feedzai announced, at Money20/20 US, the evolution of financial risk management–RiskOps, with the introduction of the World’s First RiskOps Platform. RiskOps is a new approach to risk management that tackles more than just fincrime. RiskOps helps risk management teams stop fraud and money laundering, but also includes tools to [...]
SEOUL, Oct. 22 (Korea Bizwire) — As the size of real estate-related financial funds and real estate investment trusts – also known as a type of “shadow banking system” – surpasses 300 trillion won, critics say that the government should do more to manage the risks involved with such investments. According to a financial brief [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s top financial regulator said Sunday that it will tighten capital regulations on high-risk household lending, in the latest move meant to slow the pace of household debt growth. The stricter regulations will be applied to banks, savings banks and insurance firms that provide loans to home buyers [...]
SEOUL, May 10 (Korea Bizwire) – The soundness of Korean banks is significantly lower than those of the US, Canada and North Europe. Risk management failures are contributing to increasing rates of weak credit, and Return on Equity (ROE) is lower than ever. According to KB Financial Group (KBFG), the distressed-debt ratios of banks in [...]
MCLEANSVILLE, N.C., Mar. 9 (Korea Bizwire) — February 22, 2016 marked the date of the ribbon cutting ceremony for the official opening of the new office located in Metro Manila. Attorney Elmer Pedregosa, local counsel, gave the opening remarks alongside of Raina Massand, Vice President of Business Development and daughter of the late Litéra Corp. [...]
SEOUL, Jan. 7 (Korea Bizwire) - South Korea’s top financial regulator on Thursday stressed the need for careful risk management to maintain financial stability in the face of resurfacing geopolitical risks and external uncertainties. Financial Services Commission (FSC) Chairman Yim Jong-yong made the remarks at a meeting held with officials from relevant government agencies and experts [...]
NEW YORK and DEN BOSCH, Netherlands, Dec. 19 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) announced today that it has been positioned as a Leader for its BWise solution, a global leader in Governance, Risk Management and Compliance (GRC) software, in Gartner’s first Magic Quadrant for Operational Risk Management Report by John A. Wheeler and Paul E. [...]
![[Feature] What Went Wrong?: Korea’s Risk Management System in Shambles](http://koreabizwire.com/wp/wp-content/uploads/2014/04/Bounty_Sinking_2012-800x450.jpg "[Feature] What Went Wrong?: Korea’s Risk Management System in Shambles")
SEOUL, Korea, April 28, 2014 (Korea Bizwire) – Following the April 16 ferry accident that killed 300 including the still missing for more than 10 days, the whole nation is in a soul-searching mode reflecting on what went wrong. The country has grown at a breakneck pace for the past five decades without really thinking [...]