Tag: DLS
DLS are fraudulent, says Korean democratic party
Asia Pacific | Regulations & Legal
22 Oct 2019 by Jihye Hwang
A South Korean lawmaker has called derivative-linked securities (DLS) ‘fraudulent,’ while urging the regulator to set out improved guidelines to regulate sales as well as the manufacturing of risky products sold to retail investors.
Korea’s Woori Bank halt sales of structured products
Asia Pacific | Products
16 Oct 2019 by Jihye Hwang
South Korean bank has announced plans to overhaul its asset management business, and pledged to compensate its customers according to the local regulators' mediation decision on the mis-selling scandal of rate-linked products
SK regulator blames domestic banks for DLS debacle
Asia Pacific | Regulations & Legal
03 Oct 2019 by Jihye Hwang
The interim findings of an investigation into misselling allegations of rate-linked structured products have confirmed improper advice, according to the South Korean regulator.
South Korea Market Review - August 2019
Asia Pacific | Market Reviews
24 Sep 2019 by Iveta Pekova
Structured product issuance in South Korea decreased by 19% in August, compared to the previous month, with 1,113 products issued in the retail segment. Sales volumes of KRW7.13 trillion (US$ 6.04 billion) were down 29% from KRW10.8 trillion in July.
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SK investors brace for losses as misselling allegations rock banks
Asia Pacific | Regulations & Legal
19 Aug 2019 by Jihye Hwang
South Korea’s financial regulator has announced plans to investigate local banks that sold rate-linked products – those tracking German 10-year bond yield, UK and US dollar swap rates. The banks have come under fire for misselling the ‘high-risk’ products.
China large cap ETF ups coupons on South Korea’s top performer
Asia Pacific | Products
22 Jul 2019 by Jihye Hwang
The best-performing structured product in South Korea in the first half of this year is linked to an equity index basket featuring the iShares China Large-Cap ETF.
