Regulatory Alerts2017-09-20
Amendment Proposed to Regulation on Supervision of the Korea Housing Finance Corporation
The Financial Services Commission proposed an amendment to the Regulation on Supervision of the Korea Housing Finance Corporation that formally recognizes loan loss provision adjustments as qualifying capital. This regulatory update strengthens the financial institution's capital adequacy by reclassifying specific reserve adjustments, thereby enhancing its lending capacity and compliance with corporate governance standards. The revised framework aligns the Korea Housing Finance Corporation's supervisory requirements with broader financial sector regulations and will be implemented following official publication.
Amendment Proposed to Regulation on Supervision of the Korea Housing Finance Corporation
Date
2017-09-20
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Amendments Proposed to Regulation on Supervision of the Korea Housing Finance Corporation_.pdf (fileSize: 141KB)
The Financial Services Commission announced an amendment to the Regulation on Supervision of the Korea Housing Finance Corporation that recognizes as capital the adjustment amount to be added to the loan loss provision.
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Department/Division in charge of Information management
Department/Division In charge
International Affairs Department(Financial Hub Korea) International Cooperation Team
Phone Number
+82-2-3145-7895