
Korea's Kookmin Bank to launch equity derivatives desk
"We anticipate that with the regulatory changes relating to securities firms and derivatives, there will be an increased amount of activity in the equity derivatives market," O'Kane said. "Eventually, we are expecting a similar growth pattern to that we have seen in treasury derivatives."
Korea's regulatory changes, due on July 1, will allow securities firms operating in the country to freely trade OTC derivatives, including equity derivatives, after receiving approval from the local watchdog, the Financial Supervisory Commission (FSC). Currently, securities houses can only use OTC derivatives as end-users, said an official at the FSC.
By the end of the third quarter Kookmin hopes to have a 13-strong team working specifically on equity derivatives. The team will focus on products such as warrants, options over single issues and structured products such as equity-linked notes.
The bank has yet to name a head for the desk.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email