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

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
Table Of Contents
Cover; CONTENTS; GLOSSARY; BASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION; A. Introduction; B. Financial Services Commission and Financial Supervisory Services Approach to Supervision; C. Assessment Challenges; D. Preconditions for Effective Supervision; E. Main Findings; TABLES; 1. Summary Compliance with Basel Core Principles-Observance of Standards and Codes; 2. Recommended Action Plan to Improve Compliance with the Basel Core Principles; F. Authorities' Response to the Assessment; CPSS-IOSCO PRINCIPLES FOR FINANCIAL MARKET INFRASTRUCTURES; A. Introduction
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
Form Of Item

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