![[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)
[KH Explains] Banks, regulators trade blame for snowballing ELS losses
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...
Source: koreaherald.com