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OT-S. Korea unveils currency controls
The new rules will cap domestic banks' and non-bank financial institutions'
currency forwards and derivatives at 50 percent of their equity capital. The cap for foreign bank branches was set at 250 percent of equity to account for their lower capital, which on average is just 1/30 of that held by domestic banks. http://www.reuters.com/article/idUSTRE65C0HZ20100613 Best Regards Tom. |
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