Financial Sector Assessment : Republic of Korea
The initial assessment under the Financial Sector Assessment Program (FSAP) was undertaken in 2003. The first Update mission (April 2013) assessed the observance of selected international standards and codes, and initiated discussions on a broad ra...
| Main Authors: | , |
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| Format: | Economic & Sector Work |
| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/06/19781538/korea-republic-financial-sector-assessment http://hdl.handle.net/10986/21418 |
| Summary: | The initial assessment under the
Financial Sector Assessment Program (FSAP) was undertaken in
2003. The first Update mission (April 2013) assessed the
observance of selected international standards and codes,
and initiated discussions on a broad range of financial
sector stability issues. In the case of each of the sector
assessments new methodologies adopted since the global
financial crisis were employed. The second mission (July
2013) completed its review, documented its assessment in a
draft Aide-Memoire, and reviewed with the authorities the
Aide-Memoire as well as draft technical notes covering a
range of topics. The objectives of the FSAP were to review
developments in the financial sector since the initial 2003
FSAP and in light of the lessons from the global financial
crisis, assess and formulate recommendations related to
financial stability and the financial sector oversight
framework. This report presents main findings and recommendations. |
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