Reported about 1 year ago
The Financial Supervisory Commission (FSC) has been implementing three major measures to regulate banks in handling real estate credit business. With the anticipation of new interdepartmental measures to prevent speculation in the housing market, the FSC has emphasized the importance of controlling real estate credit, which accounts for over 35% of total loans in domestic banks. These measures include enforcing KYC principle, credit assessment, and post-loan management, conducting inspections on banks' compliance with regulations regarding real estate credit, and issuing orders to increase risk weights for certain types of loans, in addition to monitoring the quality of real estate credit assets.
Source: YAHOO