South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. | Reuters
SEOUL – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday.
In a statement, the Financial Services Commission said it would normalize the loan-to-deposit ratio requirement on lenders from July. The ratio had been eased to 105 percent from the usual 100 percent late last year in response to a credit crunch in domestic financial markets and extended early this year amid global banking turmoil.
The degree of further tightening of the LCR requirement, which was lowered during the COVID-19 pandemic, will be determined at the end of this year with consideration of market conditions, the FSC said.
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