Capital, shareholding, licensing regulations to be eased, sandbox expanded.
Incoming President Moon Jae-in has argued FSC should be a regulator only.
Lenders required to maintain, update catalogue of collateral and revalue once a year.
Dilution to 52% stakes to support recapitalisation in pursuit of $12.4bn needed to comply with Basel III.
Bill extends MAS powers over financial institutions in distress and their counterparties.
Central bank can direct banks on how to deal with stressed assets.
Central bank suggests banks will be allowed to use freed-up funds to issue dividends.
Initial consultation will look at eligible instruments, risk measurement, minimum requirements.
Complaints against AIs up 9%, 1,729 cases completed; central bank warns on liquidity risk.
Banks should set up ‘inclusive finance’ divisions by year-end; lending to small enterprises will be incentivised.