Regulatory Alerts2018-01-19
Amendments Proposed to the Banking Act
The Financial Services Commission has proposed amendments to the Banking Act that relax specific compliance and capital requirements for financial institutions. These regulatory changes simultaneously remove investment limits on designated classes of debt securities, thereby expanding permissible asset allocations. Published in January 2018, the proposals aim to enhance market liquidity and streamline regulatory oversight for domestic and foreign entities.
Amendments Proposed to the Banking Act
Date
2018-01-19
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934
File
Amendments proposed to the Banking Act_.pdf (fileSize: 154KB)
The Financial Services Commission proposed amendments to the Banking Act that are intended to relax certain compliance and capital requirements and remove investment limit on certain classes of debt securities.
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International Affairs Department(Financial Hub Korea) International Cooperation Team
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