Prudential Risk

Supervision & Enforcement

Korea FSS Starts Inspections of Debt Collection Practices

By Editors | 10/09/2024

On-site inspections will be conducted at 30 loan companies nationwide to assess whether they are using unlawful collection practices.

Credit Risk

Taiwan Considers Measures to Facilitate Loans to First Home Buyers

By Editors | 08/09/2024

The FSC is considering excluding loans to first-home buyers, urban renewal projects and related construction work from bank lending limits.

Emerging Prudential Risks

Korean and Japanese Regulators Agree to Strengthen Cooperation

By Thisanka Siripala | 08/09/2024

The FSC’s Kim Byung-hwan and FSA’s Hideki Ito committed to advancing bilateral cooperation in order to better respond to financial market volatility.

Fraud, Scams & Cybercrime

Korea Forms Task Force to Enhance Bank Lending Standards

By Editors | 08/09/2024

The FSS plans to require verification of loan documents, improve the process for verifying collateral value, and enhance post-loan monitoring standards.

Credit Risk

Korea to Ease Entry Rules for Corporate Credit Rating Industry

By Editors | 06/09/2024

The FSC is abolishing the requirement for FIs to hold at least a 50% stake in companies for them to provide corporate credit ratings.

Trading & Investment

Japan FSA Urges Banks to Provide M&A Support to Corporate Clients

By Thisanka Siripala | 06/09/2024

The FSA is asking FIs to develop internal expertise to help guide businesses through mergers and acquisitions, including for post-merger integration.

Credit Risk

Hong Kong Banks Pledge to Provide Continued Support to SMEs

By Manesh Samtani | 06/09/2024

14 banks committed to replying customers about credit approval reviews within one month and about mortgage loan application outcomes within 14 days.

Credit Risk

China Proposing to Cut Mortgage Rates in Two Phases – Report

By Manesh Samtani | 06/09/2024

Mortgage rates are expected to be cut for first and second homes in two tranches to smooth out the blow to bank profitability.

Model Risk

UK PRA Orders HSBC to Review Data and Risk Practices – Report

By Nithya Subramanian | 05/09/2024

The regulator will reportedly require an independent expert review to evaluate four areas: model risk, risk data quality, traded risk, and credit risk.