Financial Regulatory Forum

S.Korea takes measures to curb mortgage borrowing

September 4, 2009

Apartment houses, office buildings and residences are seen in central Seoul September 1, 2009. Housing prices across South Korea rose for a fifth consecutive month in August from July, although staying below year-earlier levels, data from the country's top lender showed on Tuesday.  REUTERS/Lee Jae-Won (SOUTH KOREA CITYSCAPE BUSINESS)    SEOUL, Sept 4 (Reuters) – South Korea said on Friday it would impose limits on mortgage borrowing in the capital Seoul and two nearby areas, effective from Monday. (more…)

South Korea mulls OTC derivatives clearing house

August 26, 2009

A businessman walks past a banner promoting interest of CMA (Cash Management Account) of a local securities company in Seoul July 14, 2009. South Korea is moving to screen over-the-counter (OTC) derivative products ahead of their market debut, as regulators worldwide look to curb free-wheeling derivatives trading and protect investors.   REUTERS/Lee Jae-Won (SOUTH KOREA BUSINESS)   SEOUL, Aug 26 (Reuters) – South Korea may introduce an over-the-counter derivatives clearing house, a top regulator said on Wednesday, the latest in a series of moves to curb free-wheeling derivatives trading.
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S.Korea eyes curbs on FX margin trading from Sept

July 16, 2009

KOREA    SEOUL, July 16 (Reuters) – South Korea will sharply lower the leverage investors can employ when trading currencies via margin trading to discourage speculative trading, the top financial regulatory agency said on Thursday.
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S.Korea toughens rules over cash-managing accounts

July 9, 2009

    SEOUL, July 9 (Reuters) – South Korea will tighten supervision over cash-managing accounts provided by brokerage companies, a regulator said on Thursday, as concerns rise about heightened competition for banking services.
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S.Korea considers FX margin trading curbs -official

July 8, 2009

A South Korean bank clerk shows new 5,000-won ($4.93) bank notes at the headquarters of Woori Bank in Seoul    By Kim Yeon-hee and Lee Chang-ho
   SEOUL, July 8 (Reuters) – South Korea is considering imposing limits on currency margin trading to curb speculation, a senior official of the country’s financial authority said on Wednesday, a move that may dent brokerage houses’ efforts to expand into forex services.
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South Korea says to toughen home-backed lending

July 6, 2009

   SEOUL, July 6 (Reuters) – South Korea will toughen mortgage lending by broadening tight loan ceilings to the whole of Seoul and surrounding cities from Tuesday, a regulator said on Monday, amid signs of possible asset price bubbles.
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S.Korea scrutinises bank M&A financing practices

July 2, 2009

Daewoo Centre Building, former Daewoo Group headquarters, which is being remodeled by Daewoo Engineering & Construction, is seen in Seoul June 29, 2009. South Korea's Kumho Asiana Group said it had decided to put Daewoo Engineering & Construction up for a sale to ease investors worries about its liquidity.   REUTERS/Lee Jae-Won (SOUTH KOREA BUSINESS)    SEOUL, July 2 (Reuters) – South Korea has started looking into banks’ practice of participating in mergers and acquisitions deals as financial investors, an official said on Thursday, signalling a possible measure to limit M&A financing.
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