South Korea

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…

KO-ed in Korea

Derivatives litigation has reached a new level in South Korea, where early court rulings on corporate currency options positions went against financial institutions and threatened the legal enforceability of derivatives contracts in the country. A change…

KRX trading systems to merge

The Seoul-based Korea Exchange (KRX) will integrate its futures and options trading systems from June this year, the Korean Financial Supervisory Commission said.

Waiting for guidance

South Korea's banks have made huge strides in implementing risk management systems over the past few years, but Basel II is not yet a driving force, with banks waiting for the Korean regulator to publish local guidelines.

Kosda to launch benchmark CMS index

The Korean Swaps Dealers Association (Kosda) plans to launch a benchmark constant maturity swap (CMS) fixing index in December, according to Seung Won Hwang, head of derivatives marketing at Citibank and co-chairman of Kosda.

SFE pays US$28 million for OM technology

The Sydney Futures Exchange (SFE) entered a US$28 million, eight-year agreement on Friday to outsource its core clearing technology and operational support functions to Swedish technology vendor OM. The agreement includes US$5 million in capital costs…

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