Financial regulators have been checking on local lenders to gauge their readiness for the government’s latest policies aimed at regulating speculative real estate investments.
The Financial Services Commission and the Financial Supervisory Service on Friday held a meeting with officials in the financial industry to explain the strengthened real estate policies and related administrative guidance announced by the government on Thursday.
The watchdogs also reviewed how the companies are preparing for the measures, including those aimed at making it more difficult to take out loans for housing investments.
Both the FSC and FSS plan to maintain consistent communication with the firms to support smooth implementation of the measures.
[Photo : YONHAP News]