07/27/2023
For non-bank financial institutions, which are not eligible for the facility under the Bank of Korea Act, the central bank said it would make swift decisions to provide liquidity support in case of any trouble.
07/26/2023
The inflation outlook for 2024, meanwhile, is raised to 3.4 per cent from an earlier estimate of 3.3 per cent.
07/11/2023
“They do not affect the external purchasing power of the OFR. Thus, they do not affect MAS’ ability to conduct monetary policy or support financial stability,”
07/06/2023
Daegu Bank, a regional banking unit of DGB Financial Group, may become the first firm to take advantage of the expanded rule, with an intention to transform into a nationwide bank, according to the statement.
06/20/2023
Currently, the FSA is just seeking insights and information without giving any specific directions for actions that banks need to take. The regulator’s request to look into China-related geopolitical risks was made in May, the report added.
06/06/2023
Since October 2022, it has been led by Carolin Reiss , who has succeeded Marco Huwiler , who is back in Switzerland.