Local Governments Required to Disclose Interest Rates Received from Treasury Banks
South Korea mandates local governments to disclose interest rates received from treasury banks, aiming to boost transparency and address disparities in public fund management.
President Lee Jae-myung has called for a review of disclosing how local governments select treasury banks and the interest rates they receive, highlighting significant disparities and urging greater transparency in fiscal management.
#YonhapInfomax #LeeJaeMyung #LocalGovernment #TreasuryBank #InterestRates #NongHyupBank #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76965
President Lee Orders Review of Disclosure on Local Government Treasury Bank Selection and Interest Rates
President Lee Jae-myung has called for a review of disclosing how local governments select treasury banks and the interest rates they receive, highlighting significant disparities and urging greater transparency in fiscal management.
South Korea’s financial regulators have reprimanded SC First Bank and NH NongHyup Bank for exceeding mortgage lending caps within five months, warning of stricter oversight as household debt surges and banks bypass government controls.
#YonhapInfomax #SCFirstBank #NongHyupBank #MortgageLending #FinancialRegulators #HouseholdDebt #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=67789
'Mortgage Lending Cap Breached in Just Six Months'—Financial Regulators Rebuke SC First Bank, NongHyup Bank for Aggressive Lending
South Korea’s financial regulators have reprimanded SC First Bank and NH NongHyup Bank for exceeding mortgage lending caps within five months, warning of stricter oversight as household debt surges and banks bypass government controls.
Yonhap Infomax News