Taiwanese banks review viability of products offering options on long-dated rates
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Limit on investment by insurers is hitting issuance of Formosa bonds and related options
Rates options desks on alert as decline in Formosa bond issuance could hit profits and raise US volatility
September ban on variable life insurance products intended to lengthen asset portfolio
Regulator sees more advantages than risks in relaxing the rules
Taiwan's Financial Supervisory Commission wants Gretai Securities Market to run an OTC trade repository for all asset classes. The move comes as large dealers fear a proliferation of new repositories in Asia will place an undue reporting burden on their…
Tension in Taiwan
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 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…
Three additional securities firms have received authorisation to trade over-the-counter (OTC) derivatives in South Korea following regulatory changes last July that opened up the OTC derivatives market to the country's securities houses.
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.
Three local South Korean securities houses have received licences to trade over-the-counter (OTC) derivatives following regulatory changes that opened up the country's OTC market to securities firms in July.
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…