Financial Supervisory Commission (Taiwan)

Taiwan FSC backs down on structured products rules

Taiwan's Financial Supervisory Commission (FSC) has scrapped a controversial proposal that would have required foreign banks to park 70% of the proceeds from the sale of structured notes with Taiwanese trust banks. The country's financial sector…

Merrill Lynch receives forex licence in South Korea

Merrill Lynch received a foreign exchange licence from the South Korean financial services regulatory body, the Financial Supervisory Commission (FSC), today. The licence allows the US securities dealer to expand its Korean business to the onshore forex…

Dongwon Securities poaches JP Morgan Chase banker

South Korea’s Dongwon Securities has hired BJ Kim, an ex-JP Morgan Chase banker, as executive vice-president to boost the firm’s over-the-counter derivatives capabilities. Previously, Kim was head of credit markets at JP Morgan Chase in Seoul.

Korea's Kookmin Bank to launch equity derivatives desk

Anticipating an increase in South Korean equity derivatives activity, Korea's Kookmin Bank is looking to establish a dedicated equity derivatives desk by the end of the year, said Nicholas O'Kane, Kookmin's Seoul-based business head for derivatives and…