South Korea Lifts Crisis-Era Limit on Banks’ Bond Sales
10/04/2023 11:10
South Korea has removed a cap on commercial banks’ bond sales enacted during last year’s credit crunch, in a bid to ensure funding for the financial sector.
South Korea has removed a cap on commercial banks’ bond sales enacted during last year’s credit crunch, in a bid to ensure funding for the financial sector.
The Financial Services Commission told Bloomberg about the decision on Wednesday, when asked about a Korea Economic Daily report. The newspaper said authorities had scuppered the rule, which limited banks to issuing an amount of bonds equivalent to 125% of those maturing each quarter.
Up Next
South Korea Lifts Crisis-Era Limit on Banks’ Bond Sales