Korean regulator likely to probe issuers of rate-linked products

Mis-selling enquiry may extend to structuring banks as global rates plunge threatens retail notes

IBK-Securities-headquarters
IBK Securities is one of the houses said to have issued many of the interest rate products

An investigation into the mis-selling of interest rate-linked products in South Korea is likely to be extended to examine the role of structurers and issuers, as retail-dominated investments in the instruments stand to be wiped out amid plummeting global rates.

Private banks Woori Bank and KEB Hana are alleged to have mis-sold investment products tied to the yields on the Treasury bonds of Germany, the UK and the US. The products have come under scrutiny after August’s nosedive in bond yields

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here