Business News

Published: Thursday March 7, 2013 MYT 12:00:00 AM
Updated: Thursday April 18, 2013 MYT 1:21:11 AM

S. Korea to boost OTC regulation

SEOUL: South Korea plans to require interest rate swap contracts to be cleared through the Korea Exchange as part of efforts to boost regulation on over-the-counter derivatives transactions.

The Financial Services Commission planned to finalise full details by June on the operation of a central clearing house for such transactions but the interest rate swap contracts will certainly be included, an official said. Reuters

Tags / Keywords: News, Business, Business, Business, korea, swaps, regulation

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