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TOP S KOREA FINANCIAL REGULATOR URGES BANKS TO INCREASE LENDING.
SEOUL, April 1 Asia Pulse - South Korea's top financial regulator called on local banks Wednesday to expand lending in a bid to help the country weather the worst economic slowdown in a decade.
"The watchdog will monitor lenders' monthly lending performances and give disadvantages to those who failed to meet requirements," Chin Dong-soo, chairman of the Financial Services Commission (FSC) said in a meeting with bank directors.
Banks needed to preemptively raise their capital adequacy ratios and push for recapitalization in order to bolster the real economy and support corporate restructuring, Chin said, noting, "the injection ...
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Source: HighBeam Research, TOP S KOREA FINANCIAL REGULATOR URGES BANKS TO INCREASE LENDING.