[서울=뉴스핌] Reporter Kim Jin-ho = Financial authorities are extending the bank’s liquidity coverage ratio (LCR) deregulation measures until September. This is a measure taking into account the need to strengthen the domestic financial sector’s capacity to support the real economy. In addition, other financial regulatory measures mitigated to respond to Corona 19 will also be extended for an additional 3 to 6 months.
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| [서울=뉴스핌] Reporter Jeong Tak-yoon = 2021.03.08 [email protected] |
The Financial Services Commission and the Financial Supervisory Service announced on the 9th that at the regular meeting of the Financial Services Commission on the 8th, they decided to extend the flexible financial regulation plan to respond to Corona 19.
First of all, the bank’s LCR deregulation was extended until the end of September. The financial authorities have eased the consolidated LCR from 100% to 85% and the foreign currency LCR from 80% to 70% so that the banknotes can maintain the funding function in the real sector.
In addition, the grace period for the temporary application of the bank’s loan-to-deposit ratio will be extended until December. The deadline for adjusting the weight of loans for individual business owners has also been extended to September.
Temporary easing of the credit limit between subsidiaries (to increase the limit on credit between subsidiaries within financial holdings by 10 percentage points) will also be extended until September.
2 Deregulation measures related to the financial sector will also be extended. The grace period for the temporary application of the liquidity ratio of savings banks and female warriors and the temporary application of the savings bank and mutual finance loan-to-deposit ratio will be further extended from June to December.
It also decided to extend the grace period for the temporary application of the mandatory loan ratio within the savings bank business area by six months.
The Financial Services Commission plans to establish a policy judgment system for the gradual normalization of corona19 countermeasures in the future, and periodically provide market participants with situational diagnosis and response directions.
An official from the Financial Services Commission said, “The specific timing and method of normalization will be determined by comprehensively considering the quarantine situation, the real economy, and the soundness of financial companies.” I will monitor it properly,” he emphasized.