Republic of Korea : Report on the Observance of Standards and Codes

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

May 20, 2014

Electronic Access:

Free Full Text (PDF file size is 795 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Report on the Observance of Standards and Codes for the Republic of Korea. Responsibilities, objectives, and powers related to banking supervision are clearly defined in the Republic of Korea. The legal framework currently in place reasonably provides the necessary powers to authorize the establishment of banks, conduct ongoing supervision, address compliance with laws and regulations, as well as undertake corrective actions to address safety and soundness concerns. Authorization processes are generally thorough but there is room to require formal approval for certain activities.

Series:

Country Report No. 14/127

Subject:

English

Publication Date:

May 20, 2014

ISBN/ISSN:

9781484399583/1934-7685

Stock No:

1KOREA2014003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

73

Please address any questions about this title to publications@imf.org