Industry players had anticipated the move, if not its scale, as it stemmed from changes to regulations announced in advance by the Ministry of Finance and Economy. Most executives welcome the new rules, which move KoreaÆs industry closer to international norms.
First, in November, MoFE implemented legislation that allowed clients to redeem from money-market funds in one day. Before, institutions had to give a long notice period, and fund managers could sometimes impose further delays in a state of crisis....
¬ Haymarket Media Limited. All rights reserved.
