Regulatory Alerts2026-07-09
Added
Financial Assistance Measures in Response to Typhoon Pabuk
The Financial Supervisory Commission (FSC) has issued directives to banks to maintain operational continuity and security during Typhoon Pabuk, ensuring uninterrupted electronic banking services. Banks are required to proactively assist clients with natural disaster loans using their own funds and by facilitating government-sponsored disaster loan programs, with 30 local banks currently offering low-interest financing options. To monitor industry stability, the FSC has activated a safety reporting mechanism for financial institutions and implemented a six-month suspension of negative credit reporting for check drawers affected by the typhoon.
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