Korea
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Korean Banks Under Fire for ‘Excessive’ Fees
FSS figures show banks have made $57.6bn from fees since 2013; President Moon pledged to tackle issue of excessive fees but no...
July 12, 2017 -
Korea Increases Efforts to Cut Back Consumer Debt
Second-tier lenders required to increase loan-loss provisions by 50%; maximum mortgage LTV/debt-income ratios cut to 60%/50%.
July 6, 2017 -
Korea Proposes to Make Agencies Liable for ‘Defective Ratings’
Korea’s FSC (financial Supervisory Commission) proposed to make rating agencies liable for damages if they produce “defective ratings” on listed […]
June 26, 2017 -
Korea Introduces Derivatives, Bond Omnibus Accounts
Move allows foreign investors to conduct multiple transactions through a single account with a global firm.
June 26, 2017 -
Bank of Korea, FSS to Inspect Bank Loan Books
Korea’s central bank and financial regulator will inspect the loan books of several top lenders amid increasing concern about the […]
June 8, 2017 -
S.Korea FSC Could Have Policymaking Powers Removed
Incoming President Moon Jae-in has argued FSC should be a regulator only.
May 11, 2017 -
S.Korea Regulator to Focus on ‘Ex-post’ Supervision
Governor tells foreign firms FSS will shift from ‘punitive and ex-ante supervision’ in 'the Age of VUCA'.
April 21, 2017 -
Korean Banks Told to Revise Credit Risk Models
Private equity funds will be allowed to take over bad debts, restructure mid-sized firms.
April 17, 2017 -
Korean Regulators to Inspect Bank Risk Management
FSC to tighten market risk monitoring due to domestic political upheaval, external factors.
March 13, 2017 -
S.Korea Banks Cut Substandard Loan Exposure by $4.6bn in 2016
Regulator’s preliminary figures suggest exposure declined by more than 20%.
March 10, 2017