The FSC chairman has clarified that the plan is not intended to help those who have lost money on stock and crypto investments funded by cheap loans.
July 24, 2022Most 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, 2022The 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, 2022Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.
June 15, 2022Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.
May 12, 2022President-elect Yoon Suk-yeol's government plans to relax LTV ratio restrictions and reduce taxes on owners of multiple homes.
April 12, 2022The RBI is lifting the interest rate ceiling on microfinance loans, but says it will continue to check that lenders do not charge "usurious" rates.
March 23, 2022The FSS said it will strengthen its supervision of "new trading assets such as NFTs" and "prepare countermeasures" if necessary to protect consumers against damage.
February 21, 2022The IMF proposes a multi-prong approach to bridge the skills gap and support the development of modern financial services in Macao.
February 3, 2022The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
January 18, 2022