Korea to beef up monitoring on crypto market koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
The financial authorities have launched an investigation into the country’s top commercial lenders and brokerages over the irresponsible sales of equity-linked securities (ELS), high-risk derivatives tied to the performance of the Hang Seng China Enterprises Index (HSCEI), market watchers said Sunday. The highly volatile index encompasses 50 shares of Chinese firms traded outside mainland China.
State Street Stops Lending Korean Stocks chosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chosun.com Daily Mail and Mail on Sunday newspapers.
Debates about the complete prohibition of short selling are intensifying in Korea, especially in light of recent illicit short-selling activities by global investment banks (IB), which have angered individual investors. Even the financial authorities, which continuously supported the full resumption of short selling, have now shifted their stance to reviewing the regulation from the ground up.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has embarked on a week-long tour, Sunday, which will entail visits to three European countries: Switzerland, the U.K. and Germany. The tour aims to both promote the Korean financial industry and discuss global financial supervision issues.