Add as a preferred source on GoogleA Three-Month Waiver of 140% Rule Was Proposed at South Korea Meeting
The proposal would suspend the maintenance collateral ratio requirement for securities firms’ credit financing. The meeting tied further stabilization measures to wider stock-market volatility.
A three-month waiver of the requirement for securities firms to maintain a 140% collateral ratio for credit financing was proposed at South Korea’s emergency market review meeting Friday, Nov. 6. The proposal would suspend the requirement for three months.
South Korea’s deputy prime minister and finance and economy minister chaired the meeting. The meeting said additional market-stabilization measures would be taken if stock-market volatility widened.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.