Korean regulator outlines funds agenda
Risk management and mis-selling of investment products dominate the agenda for the funds supervisory division at the FSS.
The combination of the global financial crisis and the brand-new Financial Investment Services and Capital Markets Act has created two priorities for Korean regulators with regard to investment products: risk management and mis-selling.Kim Dong-chul, director of the asset management servicing division of the Financial Supervisory Service (FSS), says he plans to take a number of measures to enhance investor protection. These will include for the first time "mystery shopping" -- that is…
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