Tag: FSS
Sales of Korean autocalls drop after banks suspend sales in H1 24
Asia Pacific | Industry
30 Sep 2024 by Jocelyn Yang
The outstanding balance of non-principal-protected ELS products falls in the Korean market, while those principal-protected products increase.
Latest: Korean regulators respond to rumours, Structured Alpha managers plead guilty
International | Industry
11 Jun 2024 by Summer Wang
In this week’s roundup we look at the ongoing investigation on ELS by Korean regulators; the latest update on the Allianz structured fund fraud case; three structured ETFs made their debut.
SK regulator sets out HSCEI ELS compensation ratio to cover damages
Asia Pacific | Regulations & Legal
14 May 2024 by Jocelyn Yang
The Financial Dispute Mediation Committee agreed on Monday (13 May) on the compensation ratio for each bank involved in the mis-selling dispute case, with Nonghyup Bank's case being determined to compensate 65% of the damages.
Latest: Korea’s FSS to release ELS inspections reports, sanctions framework
International | Industry
11 Apr 2024 by Jocelyn Yang
In this week’s roundup, we also look at Leonteq's new activity at BX Exchange, SCG AM's fund of autocalls move to increase distribution, and Innovator's launch of a new structured ETF linked to an ETF.
Latest: Leonteq partners with Alquant, Fitch warns ELS impact
International | Products
19 Mar 2024 by Marc Wolterink
This week we look at the latest offerings at Leonteq, Valour and Goldman Sachs while Fitch Ratings warns Korean bank’s profit due to ELS compensation.
Korean watchdog slams sellers of HSCEI-linked ELS and sets up compensation plan
Asia Pacific | Regulations & Legal
11 Mar 2024 by Jocelyn Yang
The FSS' latest investigation revealed that losses from HSCEI-linked ELS this year could reach KRW 5.8 trillion (US$4.4 billion).
Korea court clears Hana Bank chair for mis-selling DLF penalty
Asia Pacific | Regulations & Legal
06 Mar 2024 by Jocelyn Yang
The latest ruling overturns the first trial’s ruling in March 2022, which dismissed the bank’s then-CEO and other executives’ pledge to clear out the penalty for the DLF fiasco.
Korean regulators set out HSCEI ELS loss compensation plan
Asia Pacific | Regulations & Legal
21 Feb 2024 by Jocelyn Yang
The Financial Supervisory Service is pursuing ‘prompt dispute resolution’ by reviewing measures to provide damage relief to affected investors.
Latest: Korea watchdog to release probe results, France’s Crystal expands through M&A
International | Industry
12 Feb 2024 by Summerr Wang
In this week’s roundup, we look at the latest update on Korean regulator’s probe into mis-selling, acquisitions by Crystal and MSCI, offering from Hedonova, and more.
