Risk.net

Foreign and local companies miss out on Korean OTC derivatives licences

News

US banks Citi and Morgan Stanley, along with Korean firms Hanwha Securities and SK Securities, have missed out in the most recent round of applications for South Korean over-the-counter (OTC) derivatives licences.

The firms made their applications in June for the country's highest level of dealing licence - along with Dongbu Securities and Seoul Securities, both based in Seoul - but withdrew in July after being audited by the regulator, the Financial Supervisory Service (FSS).

The FSS was due

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: