trending Market Intelligence /marketintelligence/en/news-insights/trending/4h-avz-oansw7u6cotbq2g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

South Korea to ease bank regulations within the year

Creating an Efficient Enterprise Wide Credit Risk Management System for a Leading Energy Company

Power and Gas M&A Symposium - 2019 Highlights

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

US Commercial Smart Building Projects Set For 56% Annual Revenue Growth Over The Next Five Years


South Korea to ease bank regulations within the year

In a bid toraise banks' appeal to investors, South Korea will ease "excessive"regulations on domestic banks within the year, The Korea Herald reported Oct. 7, citing Yim Jong-yong, chairman ofthe Financial Services Commission, or FSC.

The regulatorwill now regard loan loss reserves as part of banks' common capital stock.

South Koreais also planning to revise its law on earned surplus reserves, now requiringbanks to set aside 10% or more of dividends as reserves up to 50% of the totalcapital instead of up to a maximum of banks' total capital.

Domesticbanks will also be exempted from the duty of getting approval from thefinancial authority for starting new businesses and will no longer have toreport small overseas investments.