Korea cracks down

01 Aug 2005

The Korean units of Deutsche Bank and BNP Paribas have been issued a "severe disciplinary warning" by the country's Financial Supervisory Commission (FSC) for "engaging in...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

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