Korean Basel III becomes more investor friendly: Fitch

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By Rev Hui
29 Sep 2014

Basel III-compliant tier two bonds in Korea have become more investor friendly after changes made by the country’s regulators, which reduce the chance of non-viability risks, according to a Fitch report.

One of the key changes made by Korean regulators last week was the removal of a management improvement order (MIO) as one of two point of non-viability (PONV) triggers.

An MIO is an event that can be activated under three circumstances: when a bank’s total capital ...

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