South Korea
Korea ready for Basel III, claims FSC
Meeting the challenges
Regulators in Asia target shadow banking sector
Regulators in Asia are striving to strike balance between regulating the shadow banking sector and letting Asian financial intermediation develop
Korea to start mandatory clearing in October 2013
Legislative hold-up means Korea OTC derivatives clearing will be delayed
Nomura to reboot Korea ELWs with Hong Kong product launch
Korean retail investors will be able to access Kospi 200 warrants without the barriers to entry that exist in the Korean market
Variable annuities offer mixed opportunities in Asia
Variable outlook
S&P Smit 40 Index tracks 'Next 11' emerging markets as investors look beyond Brics
S&P Dow Jones Indices index tracks the four largest economies in the Next 11 in a reflection of growing demand for broader emerging markets exposure
Korea to miss OTC clearing deadline
It is ‘highly unlikely’ that Korea will meet the deadline to start clearing OTC derivatives by January 1, 2013 due to legislative delays, according to market participants
House of the Year, Korea – Korea Development Bank
Asia Risk Awards 2012 winner: Korea Development Bank – House of the Year, Korea
Best in South Korea: Credit Suisse
Structured Products Asia Awards 2012
Expansion of LNG supply to South-east Asia could boost swaps market
As a number of regasification plants start to come online, pricing agencies are looking to offer a region-specific benchmark with the potential to drive up use of LNG swaps
Korea transaction tax could halve number of derivatives transactions
Proposal for a transaction tax on futures and options could have a dramatic impact on Korea's derivatives market
Korea insurers wrestle with duration mismatch on life books
Korea guidance
Mirae Asset Global Investments loses head of ETF business
Korean asset manager undecided on whether to replace Roger Liu
South Korea to allow local financial institutions to issue covered bonds
Relaxation of restrictions over covered bonds issuance should prompt rapid expansion of sector’s present small base
Korea ELW crackdown leaves traders unhedged
Dealers are left unable to hedge ELS positions as liquidity dries up in Korea’s warrant market
Korea Investment Corp appoints new chief investment officer
Sovereign wealth fund names Dong-ik Lee as CIO for three-year tenure
Keeping the hedge trimmed – Aaron Woolner column
Keeping the hedge trimmed
Strict hedge fund rules in Korea hinder market growth
Barriers to entry
Latest FSC crackdown decimates South Korean equity-linked warrants market
New rules on liquidity provider quotation thresholds see spreads widen and equity-linked warrants turnover plummet by more than 90%, leading investors to look offshore
Lack of liquidity in OTC derivatives market must not prevent the creation of a Korean CCP
Maintaining parity with international peers, not derivatives market liquidity, the main criterion for introducing central counterparty clearing, according to the Korean Exchange
Tight regulation a barrier to the development of Korean hedge fund market
Prime brokers speaking at Risk/Return Korea voiced concerns over the potential for regulations to strangle the country’s nascent hedge fund sector
Low rates to favour equity-linked securities in South Korea this year
The popularity of equity-linked securities is set to remain strong in South Korea as investors seek yield enhancement to combat low interest and deposit rates
Korean regulator seeks further crackdown on ELW market
Financial Services Commission considers restrictions on liquidity providers to cool down Korean warrant market
House of the Year, South Korea: Samsung Securities
Asia Risk Awards 2011