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![[KH Explains] Banks puzzled by derivatives misselling proposal - Vimarsana News](https://res.heraldm.com/content/image/2024/04/08/20240408050717_0.jpg?1)
South Korean regulators’ push for banks to make up for investors’ losses incurred from equity-linked securities tied to a Hong Kong index has left both Korean and foreign banks baffled. Korea's major lenders accepted compensation guidelines suggested by financial watchdog the Financial Supervisory Service last month, agreeing to partly redress investors for the losses from the ELS products. The payba...
Korea's top lenders have all decided to accept the compensation guidelines suggested by the country's financial watchdog, agreeing to make up for the losses from the misselling of equity-linked securities tied to a Hong Kong index, with KB Kookmin Bank and Shinhan Bank joining the list Friday. Following company board meetings held earlier in the day, KB Kookmin Bank and Shinhan Bank announced they would car...
![[KH Explains] Banks, regulators trade blame for snowballing ELS losses - Vimarsana News](https://res.heraldm.com/content/image/2023/12/06/20231206000642_0.jpg?1)
Korea is in the middle of blame-shifting, as banks face more than 3 trillion won ($2.28 billion) in losses combined in the first half of next year from the sales of equity-linked securities tied to a Hong Kong index. Financial authorities are considering creating guidelines for compensation regarding the sales of ELS products tracking the Hang Seng China Enterprises Index, seeing the possibility of banks’ misse...
Dewan Negara, Ramkarpal Singh, bankrupt, insolvency, debt
KUALA LUMPUR: Bank Negara has introduced a standardised housing loan and home financing agreement for retail borrowers/customers.