Due to shareholder problem and recruitment corruption… Ultra big IB ‘issued note permission’ in uncertainty
Kim Min Soo | minsu@ | 2018-02-08 11:12:36
It is unlikely that the bill will be resumed for the time being. Most large securities firms are stuck at the approval screening for reasons such as major shareholder eligibility and recruiting.
According to the Financial Services Authority on February 7, the Financial Services Commission`s Securities and Futures Commission was held, but the issue of issuance of large-scale IB issuance was not expected. On Aug. 28, the Supreme Court will hold another round of talks.
Korea Investment & Securities is the only one among the five largest brokerage houses selected as ultra-large IBs. The issuance bills business is a core business of large-scale IBs that can issue funds with a one-year maturity within the limit of 200% of equity capital and can be utilized for corporate financing.
However, Mirae Asset Daewoo, NH Investment & Securities, KB Securities and Samsung Securities have virtually ceased their licensing examinations for reasons such as their eligibility for major shareholders and the harshness of their jobs.
Meanwhile, Mirae Asset Daewoo has been banned from issuing bills due to a suspicion that the Fair Trade Commission is `working`. Under the Capital Markets Law, the FTC may suspend a license until the investigation is completed.
NH Investment & Securities is suspected of being suspected of issuing uncertainty due to allegations of improper recruitment of NH Bank`s NH Bank, However, the Financial Supervisory Service is currently investigating the recruitment and governance problems of the financial sector, including NH Bank`s NHN, and is expected to start accreditation work after the results come out.
KB Securities, on the other hand, has suffered from the fact that it received a severance indemnity due to illegal credit granting to its major shareholder affiliates during the former Hyundai Securities. In the end, KB Securities voluntarily withdrew its application for issuance.
Samsung Securities said Lee Jae-yong, vice chairman of Samsung Electronics, was released from the second trial on May 5, but the Financial Supervisory Commission will hold the examination until the final Supreme Court ruling.
The financial authorities say that there are reasons why large IBs are not allowed to issue drafts, and it should be resolved. Recently, the finance minister met with reporters and said, "There is a reason to delay issuance of drafts, but there is a reason."
In this regard, Kwon Yong-won, chairman of the Korea Financial Investment Association, suggested that the association would strengthen the issue of issuance of large-scale IBs.
Mr. Kwon said, "Every time I do something, it takes a major shareholder`s qualification or a penalty in the past," he said. "It is necessary to create a blueprint for regulation and simplify where and what part it takes in detail.
By Kim Min Soo minsu@
[ copyright ⓒ The Digitaltimes ]
According to the Financial Services Authority on February 7, the Financial Services Commission`s Securities and Futures Commission was held, but the issue of issuance of large-scale IB issuance was not expected. On Aug. 28, the Supreme Court will hold another round of talks.
Korea Investment & Securities is the only one among the five largest brokerage houses selected as ultra-large IBs. The issuance bills business is a core business of large-scale IBs that can issue funds with a one-year maturity within the limit of 200% of equity capital and can be utilized for corporate financing.
However, Mirae Asset Daewoo, NH Investment & Securities, KB Securities and Samsung Securities have virtually ceased their licensing examinations for reasons such as their eligibility for major shareholders and the harshness of their jobs.
Meanwhile, Mirae Asset Daewoo has been banned from issuing bills due to a suspicion that the Fair Trade Commission is `working`. Under the Capital Markets Law, the FTC may suspend a license until the investigation is completed.
NH Investment & Securities is suspected of being suspected of issuing uncertainty due to allegations of improper recruitment of NH Bank`s NH Bank, However, the Financial Supervisory Service is currently investigating the recruitment and governance problems of the financial sector, including NH Bank`s NHN, and is expected to start accreditation work after the results come out.
KB Securities, on the other hand, has suffered from the fact that it received a severance indemnity due to illegal credit granting to its major shareholder affiliates during the former Hyundai Securities. In the end, KB Securities voluntarily withdrew its application for issuance.
Samsung Securities said Lee Jae-yong, vice chairman of Samsung Electronics, was released from the second trial on May 5, but the Financial Supervisory Commission will hold the examination until the final Supreme Court ruling.
The financial authorities say that there are reasons why large IBs are not allowed to issue drafts, and it should be resolved. Recently, the finance minister met with reporters and said, "There is a reason to delay issuance of drafts, but there is a reason."
In this regard, Kwon Yong-won, chairman of the Korea Financial Investment Association, suggested that the association would strengthen the issue of issuance of large-scale IBs.
Mr. Kwon said, "Every time I do something, it takes a major shareholder`s qualification or a penalty in the past," he said. "It is necessary to create a blueprint for regulation and simplify where and what part it takes in detail.
By Kim Min Soo minsu@