South Korea's financial regulator will require banks and brokerages to prioritize risk disclosures and strengthen suitability checks for complex investment products from next year, following the Hong Kong H-Index ELS mis-selling scandal.
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#FinancialServicesCommission #ComplexFinancialProducts #RiskDisclosure #ConsumerProtection #HongKongHIndexELS
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84401

Financial Services Commission announces plans to limit ELS sales to 195-390 designated bank branches, emphasizing stricter regulations and improved sales practices to prevent incomplete sales of complex financial products.
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https://en.infomaxai.com/news/articleView.html?idxno=52220

Financial authorities to limit complex financial product sales to designated bank branches with expertise, aiming to prevent mis-selling incidents like the recent H-index ELS losses
#YonhapInfomax #FinancialAuthorities #ComplexFinancialProducts #DesignatedBranches #ELSSales #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51284