All posts tagged "DSR"
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331Capital / LiquidityFSC Korea Unveils Plans for Loosening Household Loan Rules
Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.
June 21, 2022 -
414Crypto / Digital AssetsKorea: New FSC, FSS Chiefs to Prioritise Stability, Growth
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022 -
787ESG / Sustainability
FSC Korea Sets Out Work Programme for 2022
The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC's rules on network security.
December 29, 2021 -
262Capital / Liquidity
S. Korea Unveils More Measures to Contain Household Debt
Among the measures, the FSC will monitor how banks are applying suitability and adequacy principles in their lending, and impose fines for violations.
October 29, 2021 -
252Capital / LiquidityHKMA Considers Regulating Mortgage Lending by Nonbanks
Non-bank institutions such as finance companies and property developers have managed to circumvent the HKMA’s mortgage lending limits.
June 2, 2021 -
250Capital / LiquidityS. Korea to Curb Household Debt Through DSR Rule Changes
Regulators will apply the debt service ratio at the individual borrower level rather than at the financial institution level.
May 11, 2021 -
316Korea
FSC Korea to Tighten Debt Service Ratio Rules in Q1
The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.
February 1, 2021 -
585Capital / LiquidityKorean Banks Move to Lower Lending Limits for Overdraft Accounts
Major Korean banks have started lowering limits on overdraft account products, amid a move by financial regulators to curb the accumulation of household debt.
November 25, 2020 -
573Feature
FSC Korea Moves to Prevent Accumulation of Household Debt
Banks will be subject to a monthly inspection to assess their unsecured lending practices; the government will reduce the maximum legal lending rate from 24% to 20%.
November 17, 2020 -
803Capital / Liquidity
S. Korea Tightens Lending Standards in Non-Bank Sector
The FSC will extend the debt service ratio to include non-bank financial institutions in a bid to rein in household debt.
June 3, 2019
