Regulatory Alerts2024-12-19 | 83679FSC Chairman Reviews Business Financing Conditions and Response Strategies
Financial Services Commission Chairman Kim Byoung Hwan convened a meeting with policy financial institutions to address business financing concerns amid foreign exchange market volatility. The government will postpone stress capital buffers, improve risk weight calculations, and ensure prompt passage of economic legislation to alleviate market anxiety. Commercial banks are urged to shift toward business-oriented financing models while authorities implement new support programs for key sectors and adjust foreign exchange transactions to stabilize the market.
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