President-elect Yoon Suk-yeol's government plans to relax LTV ratio restrictions and reduce taxes on owners of multiple homes.
April 12, 2022Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
January 27, 2022India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
September 20, 2021The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.
July 21, 2021Banks can stagger the booking of losses from the discounted sale of NPAs to FIST corporations over five years, provided proper disclosures are made.
March 9, 2021The implementing rules cover the creation of so-called 'FIST corporations', as well as the processes they will use to acquire, transfer and manage non-performing assets.
February 25, 2021The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.
February 18, 2021The budget includes the establishment of a ‘bad bank’ to take over banks' bad assets and a plan to inject INR 200 billion into state lenders.
February 2, 2021The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.
November 16, 2020Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020