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.
Regulator’s preliminary figures suggest exposure declined by more than 20%.
Funds will be offered over next three years to close gap with industries in Japan, US and UK.
Increase likely to be a reaction to allowing attribution of loan-loss provisions to regulatory capital.
Scope and schedule of ‘proof of concept’ project yet to be confirmed.
Opposition party proposes to remove FSC’s policymaking authority.
Investigation likely to cover owners of conglomerates including Samsung and Hyndai.
FSC chairman says financial institutions following the Code will be prioritised in state lender allocations.
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