International Swaps Regulation - Comment Letter - Financial Supervisory Service of Korea - September 21, 2011

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Acceptance of Public Submissions for a Study on International Swap Regulation
September 21, 2011

In the comment letter, the author explains the regulatory structure in Korea and, in particular:

  • The Financial Investment Services and Capital Markets Act (“FSCMA”) that came into effect in February 2009;
  • The Korean Financial Services Commission (FSC) and the Financial Supervisory Service (FSS);
  • The state of CCP cleared and uncleared swaps; and
  • Regulation of cross-border swap transactions.


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