Tuesday, June 22nd, 2010

(AFX UK Focus) 2010-06-22 01:52 S.Korea to cut forex derivatives ceiling -report

(AFX UK Focus) 2010-06-22 01:52 S.Korea to cut forex derivatives ceiling -report
SEOUL, June 22 (Reuters) – South Korea plans to lower the ceiling on currency derivatives positions at the local branches of foreign banks, a local online news provider reported on Tuesday, citing a senior Finance Ministry official. The report by Infomax quoted Kim Ik-joo, head of the ministry’s international finance bureau, as saying the ceiling would be gradually lowered from the 250 percent …

Read more on Interactive Investor