Korea regulator to probe CMS sales

korea flag seoul px230
By Ralph Sinclair
19 Aug 2019

South Korea’s financial regulator is launching a probe into local sales of derivatives products linked to overseas interest rates amid allegations of miss-selling.

The investigation has been prompted by recent substantial losses for South Korean investors who have entered into derivatives contracts linked to major interest rates, including German, US and UK yields.

It follows drops in major government bond yields against flagging global economic growth, an escalating US-China trade dispute ...

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