Foreign banks slammed in Seoul
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Deutsche Bank, BNP Paribas and Barclays Bank all fell foul of the Korean regulator the Financial Supervisory Commission (FSC), which handed down a series of disciplinary warnings and suspensions late last month.
Deutsche Bank and BNP Paribas' Seoul branches were both issued 'a severe disciplinary warning for engaging in improper non-standardised OTC derivatives contracts with state-owned companies'. The FSC suspended the head of the Seoul branch of Deutsche Bank and censured the head of the
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