Tag: FSS
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.
HSCEI woes heighten concerns over Korean ELS
Asia Pacific | Products
05 Feb 2024 by Jocelyn Yang
The Hong Kong benchmark index’s tumble in January deepens another worry: Korea's HSCEI-linked ELS might approach loss territory.
Update: FSS expands probe on HSCEI-linked ELS misselling
Asia Pacific | Industry
09 Jan 2024 by Jocelyn Yang
The latest investigation follows an initial investigation by the South Korean financial watchdog in late 2023, which discovered management system issues in the sales of equity linked securities (ELS).
SRP in brief: the next chapter
International | Industry
04 Dec 2023 by Amélie Labbe
News shows no signs of slowing down as HSBC launches a new multi-asset index offering and Halo and First Abu Dhabi Bank collaborate on structured notes.