Other initiatives
i) Shorting of KTB and MSB by banks is still not allowed. We expect new rules in the first half of 2010.
ii) We are suggesting to KSD that they further adjust their repo rules to be more in line with global practices (reduces the need for a Korean Annex to the GMRA).
iii) Support the growth of the term repo market.
i) Advocate for further changes in FX regulations that would make investments in KTB and their funding seamless and timely.
ii) Advocate for changes to market practice that would allow investors to transact the required FX with ease.
iii) Review other operational issues affecting cross-border investments and repos.
Other initiatives
Other initiatives