Events listed in Financial Holding Companies Act
FSC Proposes Rules Change on the Maximum Level of Credit Extension Allowed for ...
ID 25572
The FSC has proposed a revision to the supervisory regulation on financial holding companies. This proposal is in line with the previously announced plan to ease rules on overseas subsidiary ownership of financial companies. Currently, financial companies within a holding group are allowed to extend credit to their own subsidiaries up to a maximum of 10 percent of equity capital per individual subsidiary. The ...