Regulatory Alerts2017-09-06
Added · Updated
Amendment Proposed to Regulation on Supervision of the Korea Housing Finance Corporation
The proposed amendments to the Regulation on Supervision of the Korea Housing Finance Corporation adjust rules for calculating the corporation's maximum payment guarantee to alleviate its capital burden. Specifically, adjustments to loan loss provisions are to be recognized as equity capital. The public comment period for these proposed amendments ends on September 11, 2017.
Laws and Regulations Announcement Amendments Proposed to Regulation on Supervision of the Korea Housing Finance Corporation Agency: Financial Services Commission Rule to be amended: Regulation on Supervision of the Korea Housing Finance Corporation FSC Notice number: 2017-242 Announcement date: September 6, 2017 Summary: The Financial Services Commission announced an amendment to the Regulation on Supervision of the Korea Housing Finance Corporation to change rules relating to the calculation of maximum payment guarantee by the corporation and alleviate its capital burden. Key provisions: Adjustment to loan loss provisions is to be recognized as equity capital. Public comment for the proposed amendments: The public comment period for the proposed amendments ends on September 11, 2017.