South Korea's markets regulator, in conjunction with the country's leading banking association, have set up a database that allows banks to share information on the use of financial products by their clients, including exporters. The move by the Financial Supervisory Service (FSS) and the Korea Federation of Banks came as the won hit a 10-year low against the dollar, which pushed some exporters to the brink of bankruptcy due to losses on oversized derivatives positions.
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The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Leaked EU doc could shield legacy swaps from clearing grab
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Industry hails potential US relaxation of margin timing rules