You are here

Regulators find it difficult to make clearing houses stronger: bankers

International panel crafting standardised "stress tests" for clearing houses

New York

IN December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won (S$55 million) in a day after a stock option trading algorithm went bad. It was a fatal blow for a firm with just 15 billion won of capital - Hanmag went bust. What happened next

sentifi.com

Market voices on:

Powered by GET.comGetCom