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FSC Identifies D-SIBs for 2016

    FSC Identifies D-SIBs for 2016

    December 30, 2015
  • The FSC identified on December 30, 2015 five financial institutions as domestic systemically important banks (D-SIBs) for 2016.

    * Please read the attached file for details.


  

  

Amendments to the Regulation on Supervision of Banking Business and the Supervisory Regulation on Financial Holding Companies

    Amendments to the Regulation on Supervision of Banking Business and the Supervisory Regulation on Financial Holding Companies

    December 17, 2015
  • The FSC approved on December 16, 2015 amendments to the Regulation on Supervision of Banking Business and the Supervisory Regulation on Financial Holding Companies to implement the Basel recommendations such as domestic systematically important banks(D-SIBs) and countercyclical capital buffer and ease capital rules for Internet-only banks in their early years.

    * Please read the attached file for details.


  

  

FSC-FSS Meeting for Monitoring Financial Market Conditions

    FSC-FSS Meeting for Monitoring Financial Market Conditions

    December 16, 2015
  • The FSC and FSS held a meeting to make sure that Korea's financial markets are prepared for the impact of the Fed's possible rate hike. * Please refer to the attached file for details.

  

  

Policy Direction for Household Debt Management

    Policy Direction for Household Debt Management

    December 14, 2015
  • The FSC announced its policy direction for household debt management and a guideline to encourage banks to strengthen their mortgage application screening so that borrowers take out loans within their repayment ability and repay in installments from the beginning.


  

  

FSC-FSS Meeting for Monitoring Financial Market Conditions

    FSC-FSS Meeting for Monitoring Financial Market Conditions

    December 09, 2015
  • The FSC and the FSS hed a joint meeting this morning to monitor and preemptively respond to internal and external risk factors in financial markets amid rising possibility of the Fed's rate hike at the upcoming FOMC meeting next week.

    * Please refer to the attached file for details.


  

  

Preliminary Approval Granted to Kakao and KT Consortiums for Internet-only Bank

    Preliminary Approval Granted to Kakao and KT Consortiums for Internet-only Bank

    November 29, 2015
  • The FSC granted preliminary approval on November 29 to two consortiums - one led by Kakao and the other by KT Corp. - out of three bidders to set up internet-only banks under its plan announced on June 19, 2015.


  

  

Recent Trend in ELS & DLS Issuance

    Recent Trend in ELS & DLS Issuance

    November 27, 2015
  • The outstanding balance of ELS & DLS issuance surged from KRW 51.6 trillion at the end of 2012 to KRW 94.4 trillion at the end of June 2015. Since then, the pace of increase has slowed down with the outstanding balance of KRW 97.6 trillion as of November 20, 2015. * Please refer to the attached file for details.

  

  

Credit Card Merchant Fees To Be Lowered

    Credit Card Merchant Fees To Be Lowered

    November 02, 2015
  • FSC plans to cut credit card merchant fee rates by 0.3%p~0.7%p from the end of January 2016. *Please refer to the attached file for details.

  

  

FSC Strengthens the Role of Policy Banks

    FSC Strengthens the Role of Policy Banks

    November 01, 2015
  • The FSC outlined its plan to strengthen the role of Industrial Bank of Korea (IBK) and Korea Development Bank (KDB) as policy banks to support sustainable growth of start-ups and foster new growth drivers for the economy. * Please refer to the attached file for details.

  

  

Direction for Recovery and Resolution Regimes

    Direction for Recovery and Resolution Regimes

    October 30, 2015
  • The FSC set out basic direction for introducing recovery and resolution planning framework and bail-in scheme.

    * Please read the attached file for details.