Korea insurers seen unfazed by new rules on foreign alts
Korea's financial regulator is increasingly trying to impose caution in respect of illiquid investments, especially offshore ones, but the tide of flows into such assets is still rising.
Korea insurance firms look set to continue buying overseas alternative assets even as their domestic regulator ramps up efforts to curb rising flows into what it sees as potentially risky illiquid investments.
The Financial Supervisory Service (FSS) reportedly announced last week that it would strengthen oversight on insurers’ exposure to foreign alternative assets by implementing a risk management framework in the first half of 2021. This came after it set up a task force to that…
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