Korea
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Korea Efforts to Tackle Household Debt Have Little Impact as Boom Continues
Regulator calls on banks to strictly screen mortgage applications as household debt increases by $15.9bn over July and August.
September 21, 2017 -
S.Korea to Curb Bank Chief Bonuses
Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut...
September 4, 2017 -
Korea Toughens Short-selling Rules
Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.
August 28, 2017 -
S.Korea Eyes Deregulation to Encourage Banking Competition
FSC to come up with deregulation plan by end-of year; wants more challengers to financial sector incumbents after approval of internet-only banks....
August 23, 2017 -
Korea Regulator Flags Weaknesses in Foreign Banks’ AML
FSS reveals details of AML audits covering banks and other financial services providers, says to impose strict sanctions against regulatory […]
July 31, 2017 -
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