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S.Korea To Expand, Extend FX Derivatives Inspection

South Korea’s Financial Supervisory Service and the Bank of Korea have announced they are adding at least two banks to its inspection of fx derivatives trading, reports Korea JoongAng Daily.

South Korea’s Financial Supervisory Service and the Bank of Korea have announced they are adding at least two banks to its inspection of fx derivatives trading—specifically kimchi bonds--and extending the period for the probe. The FSS and the central bank said in a joint statement that the actual number of additional banks above the current four has not yet been decided.

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