South Korea's financial supervisor, the Financial Services Commission, began considering HSBC's application to acquire KEB only in late July, even though HSBC filed the application more than six months ago.
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The web page of the Financial Services Commission, the country's financial regulator, was overloaded and an online stock trading system was shut down for a few minutes but both soon recovered, according to government sources.
It decided to restrict the creation of foundations to those licensed by the Guernsey Financial Services Commission to ensure they comply with all the necessary regulations.
In addition to Payoneer (EU), the Gibraltar Financial Services Commission lists Wave Crest Holdings and Transact Network.
It has launched a review, including a public consultation, looking at the policies and accountability of the Guernsey Financial Services Commission.
In the meantime, Sir Howard, a former chairman of the Financial Services Authority, said the commission would look at the options for increasing airport capacity within the existing framework and how to narrow down the range of possible approaches.
The bank has said it has received requests for information related to government inquiries and investigations by Congress, the Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the U.K. Financial Services Authority, the state of Massachusetts and others.
The new transport secretary, Patrick McLoughlin, has said the commission - headed by former Financial Services Authority boss Sir Howard Davies - will identify and recommend to government "options for maintaining this country's status as an international hub for aviation".
Later this week, Barney Frank, chairman of the House of Representatives' Financial Services Committee, will haul in state and federal regulators, as well as the comptroller of the currency and the chief of the Federal Trade Commission, for a hearing to discuss the financial services industry.
There are only about 100 people at the European Commission working on financial services.
The Justice Department started investigating potential rate manipulation about three years ago, in conjunction with the U.S. Commodity Futures Trading Commission and the U.K. Financial Services Authority.
The bank agreed to pay the fines to the Financial Services Authority, Commodity Futures Trading Commission and Department of Justice, entering into a deferred prosecution agreement in the U.S. related to one count of wire fraud.
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If the protesters had been able to get into the FIA keynote the following day, they might have been surprised to hear Gary Gensler, chairman of the Commonity Futures Trading Commission, saying something similar about the problems the financial services industry had caused through excessive leverage, as I detail below.
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Few of us today (including members of the commission charged with overseeing the financial services industry) can even understand that now.
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Bovespa provides trading, clearing, custody, and other services with regulation of the financial markets by the Securities and Exchange Commission of Brazil.
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But the Financial Services Authority, the British version of the U.S. Securities and Exchange Commission, has been warning consumers about Oxbridge since last fall.
On May 1, 1975, the Securities and Exchange Commission deregulated commissions among stock brokers, unleashing intense competition among financial services firms and giving birth to the now widespread practice of individual investing.
The House Financial Services Subcommittee on Capital Markets sent a letter this week to Securities and Exchange Commission (SEC) Chairman Mary Schapiro announcing their intention to hold hearings to consider the recent SEC staff study which proposed fundamentally changing the regulatory regime for investment advisers and broker-dealers.
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It is unclear how the dual regulation would work out, with the U.K.'s Financial Services Authority overseeing the London side, and the U.S. Securities and Exchange Commission and NASD overseeing the U.S. side.
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