Financial Services Commission (FSC)
Strict hedge fund rules in Korea hinder market growth
Barriers to entry
Lack of liquidity in OTC derivatives market must not prevent the creation of a Korean CCP
Maintaining parity with international peers, not derivatives market liquidity, the main criterion for introducing central counterparty clearing, according to the Korean Exchange
Korean regulator seeks further crackdown on ELW market
Financial Services Commission considers restrictions on liquidity providers to cool down Korean warrant market
Korea short-selling ban leaves dealers reeling
Korean regulators unveiled a three-month short-selling ban in a bid to calm equity markets following a 17% fall in the Kospi since the start of this month. The prohibition went live on August 10, forcing major dealers to unload excess stock inventory at…
Taiwan regulators in tight spot on structured products
Taipei’s tight spot
Korean regulator cracks down on scalpers arbitraging warrants market
The FSC in South Korea has introduced new measures aimed at stopping scalpers from making undue profits in the warrants market. But dealers are concerned the new rules are inadequate and may shrink the market unnecessarily as a consequence.
Challenges ahead for access derivatives in Asian markets
Gateway to Asia
Deutsche Bank's securities and exchange-trading operations banned in Korea for six months
Deutsche Bank's securities and exchange-trading operations have received a six-month ban in Korea for making 44.87 billion won ($40 million) in ‘illegal profits’ from market manipulation, following an investigation by Korean regulators; prosecution of…
Rules and regulation take centre stage at Asia Risk Congress 2010
Rules and regulations
Asian regulators ease cross-border depository receipt rules
Cross-border listings through fungible depository receipts is seen as one way for corporates to diversify funding sources and promote investor interest by exploiting equity arbitrage opportunities
Asia Risk Congress 2010: G-20 summit a success on regulation, says Korean official
In his keynote speech, Korean regulator Jong-Goo Yi highlighted the G-20's success in agreeing international regulatory reform.
BoC and Bocom set to open first mainland bank rep offices in Taiwan
Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have…
FSC clamps down on unsecured lending while bolstering Korean repo market
Reform to broaden the use of the onshore repo market in South Korea is expected to help smaller banks and financial institutions better manage their short-term funding and reduce systemic risk. It should also facilitate the development of interest rate…
Korea opens up licensing
The move by the Financial Services Commission will bring some additional clarity to the tricky business of obtaining licences in the country
Seeking stability
Jong-Goo Yi, commissioner at Korea’s Financial Services Commission, is unusual among Korean regulators as he has a PhD in economics from Stanford University and spent several years working as a lawyer on Wall Street. He speaks with Harry Thompson about…
West failed to learn lessons from Asian Financial Crisis
‘Hard fought’ battles expected ahead over scale and scope of new financial regulation
Setting a target for Basel II
Singapore and South Korea regulators set deadlines for Basel II