Revamping of Korea's clearing model up for parliamentary vote
The clock is ticking on getting a new risk waterfall model approved by Korea's National Assembly
Fears are growing that Korea could be left out of the second wave of European Union decisions to grant equivalence status to third-party central counterparties (CCPs) as Korea grapples with a change to its default risk waterfall model.
This could make the cost for European derivative dealers more expensive than in those jurisdictions that are deemed to be equivalent. The deficiencies in Korea's
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