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November 2009 Issue

Bulletin

DRAFT AMENDMENT TO DIRECTIONS FOR BANKS CONDUCTING FINANCIAL DERIVATIVES BUSINESSES

With significant growth in trading volume, ever more complex trading patterns and risk exposures of the derivatives business handled by banks, relevant supervisory standards should be adjusted for sound trading order to protect the interests of customers. Hence the Financial Supervisory Commission (FSC) on 2 October 2009 issued a draft amendment to Directions for Banks Conducting Financial Derivatives Businesses (the "Directi ... More

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