Banks advised to enhance risk management on surging ETF sales | Yonhap News Agency

## Summary
OK SEOUL, April 9 (Yonhap) -- The country's financial watchdog called on local lenders Thursday to heighten their risk management for exchange-traded funds (ETFs) and prevent the misselling of such products amid a recent surge in sales of the financial products. The financial watchdog stressed that banks need to well inform their customers of potential risks tied to the ETF products and also heighten their internal control. ATMs in South Korea (Yonhap) sam@yna.co.kr (END) Keywords #watchdog #banks Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean road lined with cherry blossoms prev Banks advised to enhance risk management on surging ETF sales Next Banks advised to enhance risk management on surging ETF sales

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SEOUL, April 9 (Yonhap) -- The country's financial watchdog called on local lenders Thursday to heighten their risk management for exchange-traded funds (ETFs) and prevent the misselling of such products amid a recent surge in sales of the financial products.
The Financial Supervisory Service (FSS) said sales of ETFs by banks to their customers have been on a sharp rise in tandem with a bull run on the local stock market.
The banks' combined ETF sales amounted to 15.1 trillion won (US$10.2 billion) in the first two months of the year, over three times higher than the 4.9 trillion won tallied over the first six months of last year, according to the FSS.
The local stock market, however, recently saw large fluctuations due to the conflict in the Middle East, exposing underlying assets for the financial products to severe volatility.
The financial watchdog stressed that banks need to well inform their customers of potential risks tied to the ETF products and also heighten their internal control.
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(END)
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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- OK SEOUL, April 9 (Yonhap) -- The country's financial watchdog called on local lenders Thursday to heighten their risk management for exchange-traded funds (ETFs) and prevent the misselling of such products amid a recent surge in sales of the financial products.
- ATMs in South Korea (Yonhap) sam@yna.co.kr (END) Keywords #watchdog #banks Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
- Korean road lined with cherry blossoms prev Banks advised to enhance risk management on surging ETF sales Next Banks advised to enhance risk management on surging ETF sales

### Implications
- ATMs in South Korea (Yonhap) sam@yna.co.kr (END) Keywords #watchdog #banks Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
- Korea conducts back-to-back ballistic missile launches in show of force (LEAD) N.

### Expert Commentary
This article covers korea, banks, financial topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 433.