Republic of Korea : Financial Sector Assessment Program-Technical Note-Financial Conglomerates Supervisions

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

September 18, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Oversight of the Korean financial system is broadly effective. Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have in place regulatory and supervisory regimes in line with international standards with only a few remaining gaps. The authorities have addressed most of the recommendations of the previous FSAP and made good progress in benchmarking their frameworks with the Basel Core Principles (BCP), the Insurance Core Principles (ICP) and the International Organization of Securities Commissions (IOSCO) Objectives and Principles for Securities Supervision (IOP).

Series:

Country Report No. 2020/275

Frequency:

regular

English

Publication Date:

September 18, 2020

ISBN/ISSN:

9781513556970/1934-7685

Stock No:

1KOREA2020002

Format:

Paper

Pages:

73

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