South Korea
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…
Asia Risk 15: Mastering mismatches by using ALM risk tools
The development of domestic bond markets and longer-dated hedging instruments in Asia during the past 15 years has helped insurers to manage their duration mismatches. But there is still a long way to go. By William Rhode*
Korean linker volumes soar after introduction of deflation floors
The resumption of issuance of government linkers, which now include deflation floors, should aid the development of inflation derivatives in South Korea
RBS lands BAML structured products sales team
RBS hires four Bank of America Merrill Lynch sales staffers in Hong Kong, including Abhinav Gorawara
South Korea implements product pre-approval regulation
South Korea launched its new derivatives product approval system in June but issues remain
Swap lines better than foreign reserves during crises, research finds
Reciprocal currency swap agreements between central banks bolstered market stability in Korea during the crisis in 2007 and 2008
Stricter supervision in South Korea
Stricter supervision
Korean securities firms seek new technology to offer complex products
Hyundai Securities' technology deal with Sophis may be the start of a trend as Korean firms build their structured products capabilities
Korean risk premiums exceed Thailand, ‘raised long term'
Tensions on the Korean peninsula mean CDS prices are likely to stay high for some time, analysts say
Korean bonds stay strong, despite rising tensions
Sound economic fundamentals have meant South Korea’s sovereign bond yields have remained low despite the political standoff on the Korean peninsula.
Regulatory straitjacket?
South Korea introduced a raft of new legislation with the aim of helping make Seoul a world-class financial centre prior to the financial crisis. But the events of 2007–08 proved a game changer as regulators grappled with the damage wreaked by kikos and…
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…
Building up bonds
Tax and structural changes in the South Korean government bond market last year will likely result in a significant rise in liquidity in this market this year, so facilitating the use of more sophisticated trading strategies.
Hub hubbub
New rules coming into force in many jurisdictions in Asia are challenging the ability of global financial institutions to operate a hub-and-spoke business model for their derivatives businesses. By Jacqueline Low, Jing Gu and Keith Noyes
Asia comes of age
Dealers are increasingly offering exchange-traded funds (ETFs) to retail investors to give them access to asset classes and instruments traditionally not available to them. At the same time, regional exchanges are trying to bolster their ETF business. Is…
Regulatory backlash
Editor's letter
A sense of déjà vu
Letter to the editor
Sell suits
A number of lawsuits have emerged across the globe, with disgruntled corporates alleging they were sold unsuitable derivatives products and were unaware of the risks involved. Will changes to bank selling practices emerge as a result? By Christopher…