SEOUL, Feb 3 (Reuters) – It is not desirable for South Korea to adopt U.S.-style banking reforms because the local industry and markets are still small and in the developing stage, the head of the top financial regulator said on Wednesday. (more…)
Financial Regulatory Forum
SEOUL, Dec 10 (Reuters) – The South Korean government will guide local banks to retain more profits next year, instead of paying dividends to shareholders, to help bolster their capital. (more…)
SEOUL, Dec 7 (Reuters) – A bill to hand South Korea’s central bank a role in supervising banks cleared a big hurdle on Monday, earning immediate rebuke from the top financial regulator. (more…)
By Cheon Jong-woo and Seo Eun-kyung
SEOUL, Nov 20 (Reuters) – A top South Korean regulator said on Friday the authorities would take steps to encourage local and foreign banks to use naked short selling of bonds, a move analysts said could trigger a flood of foreign buying.
SEOUL, Nov 11 (Reuters) – South Korea is looking at measures to enhance foreign currency liquidity at banks, a top regulator said on Wednesday, which reportedly may require them to hold U.S. Treasuries as a portion of their foreign assets.
SEOUL, Oct 16 (Reuters) – The South Korean government is considering controlling foreign currency liquidity at branches of foreign banks in the country to cope with potential financial market crises, a senior finance ministry official said.
Sept 25 (Reuters) – South Korea is discussing measures to crack down on excessive foreign-currency borrowing by banks, Chin Dong-soo, chairman of the Financial Services Commission, said.
The timing of the proposed measures may be flexible, depending on decisions on global standards by the Financial Stability Board, the G20’s regulation coordination arm, he said. (more…)
SEOUL, Sept 7 (Reuters) – South Korea will take aggressive actions if there are any abnormal movements in capital, its top financial regulator said on Monday, amid growing concerns about adverse effects from abundant short-term liquidity. (more…)