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

 
 
Publication Date: May 20, 2014
 
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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(s): Banks | Bank supervision | Basel Core Principles | Capital markets | Securities markets | Insurance | Reports on the Observance of Standards and Codes | Financial system stability assessment | Korea, Republic of

 
English
Publication Date: May 20, 2014
ISBN/ISSN: 9781484399583/1934-7685 Format: Paper
Stock No: 1KOREA2014003 Pages: 73
Price:
US$18.00 (Academic Rate:
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