KRX swaps approval held up by HanMag loss – Isda's Noyes
European authorities wary of Korean swaps clearer following futures losses, says Asia-Pacific regional director for Isda
European approval for Korea's over-the-counter derivatives clearing house is being jeopardised by concerns about the risk management set-up of its sister futures exchange, according to an official at one industry association. If those issues cannot be tackled quickly enough, all but two European bank members could be forced to withdraw, dealing a blow to the liquidity of the local swap market.
Both venues are run by Korea Exchange (KRX), which has applied for its OTC clearing service to be
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