South Korea’s FSS Chief Apologizes Over Single-Stock Leveraged ETF Listings
South Korea’s Financial Supervisory Service (FSS) chief Lee Chan-jin apologized again for failing to prevent the listing of single-stock leveraged ETFs.
Lee acknowledged that the products had “to some extent” contributed to increased market volatility.
Speaking at a National Assembly oversight hearing on October 19, Lee noted pronounced volatility in Samsung Electronics and SK Hynix shares.
A People Power Party lawmaker cited headlines describing the post-listing market decline as “Black Monday” through “Black Friday.”
The remarks have renewed scrutiny of the regulatory decision to allow single-stock leveraged ETFs to enter the market.
South Korea’s Financial Supervisory Service (FSS) chief Lee Chan-jin apologized again for failing to prevent the listing of single-stock leveraged ETFs.
Lee acknowledged that the products had “to some extent” contributed to increased market volatility.
Speaking at a National Assembly oversight hearing on October 19, Lee noted pronounced volatility in Samsung Electronics and SK Hynix shares.
A People Power Party lawmaker cited headlines describing the post-listing market decline as “Black Monday” through “Black Friday.”
The remarks have renewed scrutiny of the regulatory decision to allow single-stock leveraged ETFs to enter the market.