[South Korea's Choice Financial News Reporter] The Bank of Korea Monetary Policy Committee opinion that the need to ever take advantage of a variety of micro-data for detailed analysis of household debt was raised.
According to the March MPC meeting minutes by the Bank of Korea released the last 7 days A MPC source and utilize other microeconomic data in addition to household financial well-being survey to "to understand the mechanisms that the household debt a key issue in the current financial stability increased in more detail it takes effort to analyze 'he said.
A MPC source said "it is the case of our country in the past financial instability merchant banks, investment trust companies, was mainly resulted from the credit card companies, such as non-banking financial sector in recent years, but is concerned households increased loans to the non-banking sector still related information infrastructure is relatively insufficient to ' He emphasized that quickly identify the information on the non-banking financial sector and will have to strengthen the analysis of whether this kind of thing occurs.
B MPC won even when default rates and default on household loans, which are "financial institution can be attributed to valuation of credit risk for a loan when you enlarge your household loans is calculated risk-weighted assets," said "financial institutions applying loss Recheck was also suggested that it is necessary, and so on.
It came cadastral associated financial risk management oversight.
C MPC circle 'banks have exposure even to reduce the risk-weighted assets, while expanding the (exposure amount), preferably in an individual bank level, the whole financial system level may act as a risk-Zoom', saying 'this phenomenon is only the micro-supervisory aspects and if it was due to the emphasis it is necessary to propose measures to mitigate the risks related to the supervisory authorities in terms of macro-prudential 'the jipeot.
Household loans also came impact concerns over the housing market cooled. D MPC circle 'housing market in the pre-sale and can be completed houses gradually neuleonaneunde whereas housing real demand may not be enough, said "future house price declines, while household loans closely the possibility of insolvency is also as difficult to exclude financial stability situation It said it would need to be analyzed.
Meanwhile, the day after the Bank of Korea reported for December, checking the financial situation stable situation in the MPC.
The Bank of Korea (BOK) 'risk in the financial system and market interest rates linger among the switch to rise geupjeungse sustainability of household credit, the potential risks of vulnerable sector enterprises was slightly increased, and I' ve 'and maintain the country's financial system is substantially stable state It is rated as "he said.
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