KB Kookmin, Shinhan, Woori, Hana, NH NongHyup, StanChart, and Citibank all agreed to follow compensation guidelines issued by the FSS last month.
April 3, 2024Regulators are looking for ways to prevent a repeat of the mi-selling that occurred when banks sold HSCEI-linked equity-linked securities.
March 22, 2024Investors have lost almost $1bn, with another $3.5bn expected. The FSS issued a compensation guideline for financial firms that mis-sold the risky ELS products.
March 12, 2024FSS responds to calls for a court, rather than the regulator, should prepare compensation plans for investors in loss-making ELS products.
February 21, 2024High-risk equity-linked securities were sold to customers who prioritised principal protection, were close to retirement, and those planning for future cancer treatments.
February 6, 2024The FSS found that some firms incentivised sales of high-risk and complex ELS products through internal policies and KPIs.
January 10, 2024Banks and brokers are expected to have to compensate investors for losses on HSCEI-linked derivatives when the products mature next year.
December 7, 2023Korean banks and brokerage firms sold equity-linked securities tied to the HSCEI, which has fallen more than 50 percent from its peak in 2021.
November 27, 2023IPO bookrunners must verify institutional investors can pay for stocks before allotment; risk weight for carbon emissions rights is reduced.
April 30, 2023The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.
August 4, 2020