FSS figures show banks have made $57.6bn from fees since 2013; President Moon pledged to tackle issue of excessive fees but no action has been taken yet.
Second-tier lenders required to increase loan-loss provisions by 50%; maximum mortgage LTV/debt-income ratios cut to 60%/50%.
Move allows foreign investors to conduct multiple transactions through a single account with a global firm.
Incoming President Moon Jae-in has argued FSC should be a regulator only.
Governor tells foreign firms FSS will shift from ‘punitive and ex-ante supervision’ in 'the Age of VUCA'.
Private equity funds will be allowed to take over bad debts, restructure mid-sized firms.
FSC to tighten market risk monitoring due to domestic political upheaval, external factors.
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