Lack of liquidity in OTC derivatives market must not prevent the creation of a Korean CCP

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The current lack of liquidity in the Korean over-the-counter derivatives market should not be used as a reason to avoid setting up a central counterparty (CCP) clearing house, according to a senior figure from the Korea Exchange (KRX).

Speaking at the Risk/Return Korea 2012 conference, held in Seoul on February 28, Jaeseung Shim, executive director in KRX’s derivatives market division, dismissed the views of domestic critics who argue there is no need for the north Asian state to establish its o

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