nities in the country. "Italy, like other countries where BNP Paribas already operates, like India, Brazil and Turkey, has great potential growth in several sectors like fashion, mechanics and infrastructure," BNL Chief Executive Fabio Gallia said on the sidelines of a presentation on the Indian market. BNL was acquired by the French banking giant in 2a new office in Malaysia for testing the credit-card issuer's business applications. It didn't give any financial details of the partnership. The new center at Kuala Lumpur will support Satyam's efforts around research and development, and facilitate global colin 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