South Korean export markets won’t slow

sp-may08-03-gif
South Korea will regain its importance in the FFA market

In an official statement, South Korea's Financial Supervisory Service (FSS) said it had sent an institutional warning to Barclays, which sold currency derivatives to three exporters that harmed those companies. It said Barclays did not employ proper risk control steps for its currency options trades, worth $1.2 billion, with three firms between 2006 and 2007, and failed to fully inform trading counterparts of related risks.

The FSS said an "institutional warning was given only to Barclays’s Seou

To continue reading...

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 indvidual account here: