Monthly op risk losses: banks count the cost of IT failures
Also: top five loss breakdown led by Wells Fargo’s $1bn fine. Data by ORX News
Korea derivatives road map gets lukewarm reception
FSC to boost investor participation in derivatives but faces industry scepticism
Tax setback over Korea October ETN launch
Regulator hopes to revive flagging derivatives market
House of the Year, South Korea: Samsung Securities
Asia Risk Awards 2011
Distributor profile: Samsung's novel approach to equity-linked securities
Primed for portfolios
CDSs widen on Spanish banks
The cost of credit protection on a wide range of firms fell in early trading today, while spreads widened on Spanish financials and US sovereign debt.
Lehman to structure South Korean equity-linked securities
Lehman Brothers plans to structure 2.5 trillion won ($2 billion) of South Korean equity-linked securities to be issued and sold by two domestic securities firms in South Korea. The move follows regulatory changes at the end of February that allowed…
South Korea reclassifies ELNs and warrants
South Korea’s Ministry of Finance and Economics (MOFE) has reclassified equity-linked notes (ELNs) and warrants as securities under the country's revised Securities and Exchange Act, according to an official at the MOFE. The move – which came into effect…
Three more Korean securities firms receive derivatives licences
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.
ING provides cross-currency swap for Samsung Card ABS
The Netherlands' ING Bank will provide the cross-currency swap for South Korean consumer finance company Samsung Card’s $400 million of cross-border asset-backed securities, said a spokeswoman for the Korean company.
Three firms receive OTC derivatives trading licences in South Korea
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.
Samsung Securities poaches Goldman specialist Choi
Korea’s Samsung Securities has poached Alex Choi from Goldman Sachs to head its newly established capital markets division in Seoul. Choi was previously executive director for liabilities management at Goldman Sachs in Hong Kong.
Samsung Life shortlists three swap counterparties for cross-border RMBS
South Korean insurer Samsung Life is preparing to issue Korea’s first cross-border residential mortgage-backed securitisation (RMBS) to be launched in the third quarter of the year, and as part of the transaction, it has shortlisted three potential…
Insurers embrace risk systems
Insurance companies have been slower than banks to adopt advanced risk modelling techniques and technologies. But regulatory changes and business exigencies are spurring them to adopt a new generation of risk and capital management systems.
Currency swap illiquidity may hit Korean cross-border ABS growth
The Korean cross-border asset-backed securitisation (ABS) market could see growth stymied this year due to a lack of liquidity in the currency swaps market. While both Hyundai Capital and Samsung Capital are expected to issue separate $300 million cross…