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in places like Hong Kong and Singapore. Such outsourcing is illegal in Korea. "Such practices are part of the foreign banks' desire to manage their entire Asian portfolio," Kim said. "In cases of big investment banks, trading on a regional level can have a great impact on the domestic financial markets as such management can lead to sharp changes to the portfolios of the banks' local branches." The FSS plans to inspect 15 foreign banks operating in Korea every year to monitor their fund management from this year, citing the need to proactively manage potential market risks. "Foreign banking branches (in Korea) are considered to have a great effect in increasing the volatility of capital flows in and out of the market," the FSS said in a separate statement, adding such branches tend to take on short-term foreign currency borrowings to conduct derivatives or government bonds trading. Kim told reporters HSBC Holdings PLC and Credit Agricole S.A. have already been sanctioned for improper outsourcing of operations involving derivatives. He added that another European bank may be sanctioned fo — about benefiting from his power to appoint someone to the seat has been much-anticipated. But it may have to wait a day or two more. Blagojevich, who denies any wrongdoing, is expected to talk more Tuesday about allegations that he attempted to shake down executives for campaign donations by threatening state decisions that could hurt their businesses. During his first two days on the stand, Blagojevich spoke about his rise from a working-class Chicago kid to becoming governor. During his testimony Friday, the focus was on a charge that he tried to squeeze a racetrack owner for money. But there are other accusations that he hasn't spoken about in depth: His alleged bid to pressure a children's hospital CEO for political donations and a similar alleged squeeze on a roadway-construction executive. Addressing those charges are likely to take up two or three more days of testimony by Blagojevich, defense attorney Aaron Goldstein told the presiding judge last week. Prosecutors, too, will get their chance to cross-examine the