Focus on strengthening tweezers regulation rather than overall’cutting’
(Seoul = Yonhap News) Reporter Kim Nam-kwon, Reporter Da-Hye Kim = It is expected that the measures to strengthen regulations on non-housing mortgage loans (non-ownership) such as land and shopping malls are expected to be included in the household debt management plan announced by the financial authorities during this month.
Currently, some employees of the Korea Land and Housing Corporation (LH) are receiving public resentment due to the suspicion of land speculation using non-judgmental bonds.
[촬영 안철수]
The financial authorities are preparing measures to reinforce non-responsible regulations, but they are focusing on tweezers measures rather than overall’cutting’.
An official from the financial authorities said on the 14th that “there is a trend of exploiting the blind spot of the non-judgment” and “we are looking at measures to regulate the blind spot with tweezers.”
The mortgage recognition ratio (LTV) of non-maintainers in mutual financial institutions such as the Nonghyup where LH employees received loans is 40-70%. This is not regulated by law, but is based on administrative guidance.
Commercial banks are applying around 60% of LTV through bylaws, but it is evaluated that the loan review is relatively difficult.
Mutual financing is attracting attention due to suspicion of speculation on land by LH employees, but there is a trend that it is difficult to bring out a card with strict regulations strengthening inside the financial authorities.
An official from the financial authorities said, “There are land, shopping malls, officetels, agricultural machinery, fishing boats, etc.,” and said, “There are areas where farmers and fishermen with relatively unstable incomes entrust their collateral and receive loans, so it is not an area that can be easily touched.” said.
There is a strong atmosphere that it is difficult to perform a large-scale’knife’ as the scale of non-maintenance support in the entire financial sector has been steadily maintained in the range of 220 to 230 trillion won for the past five years.
If there is a price unstable movement in the non-housing market, it is possible to consider strong regulatory measures to curb speculation, but the financial authorities believe that it is not yet that level.
This is also the reason for deciding the direction to find the blind spot of the non-judgment and prepare a tweezers regulation policy.
As loan regulations are getting stronger to stabilize real estate, some point out that the non-leadership of mutual finance is used as a loan detour for ordinary people, not farmers, and fishermen.
[홍소영 제작] Photo composition/illustration
It is also possible to think of ways to elevate the bylaws related to non-residents in the banking sector to the level of unified administrative guidance or to create a legal basis for regulating the non-residents LTV in the entire financial sector.
However, the position of the financial authorities is that this strengthening of the regulatory system is a matter of observing the trend of the LH crisis and making decisions carefully based on the results.
First, as a result of the National Agricultural Cooperative Federation’s own investigation, it was found that the Nonghyup North Siheung Branch did not violate the soundness regulations or the security value evaluation standards in the process of lending loans to nine LH employees.
Employees of the Financial Services Commission and the Financial Supervisory Service will be dispatched to the government joint special investigation headquarters to see if there are any problems in the process of obtaining loans by LH employees.
An official from the financial authorities said, “We will look at the situation at LH and, if additional problems are revealed, we will review the issue of creating a legal basis for non-mainstreaming regulations.”
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2021/03/14 05:31 sent