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...

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Main Authors:	International Monetary Fund, World Bank
Format:	Economic & Sector Work
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	ACCOUNTING ACCOUNTING STANDARDS AGGREGATE DEBT ALLOCATION OF CREDIT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK OF KOREA BANKING SECTOR BANKING SYSTEM BANKRUPTCY BASIS POINTS BOND BOND MARKET BOND TRADING BROKERS CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CERTIFICATES OF DEPOSITS CIVIL PENALTIES COLLATERAL COLLATERAL RISK COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMPENSATION FUND COMPENSATION FUNDS COMPETITIVE MARKET CONFLICTS OF INTEREST CONTINGENT LIABILITIES CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT EXPANSION CREDIT LINES CREDIT LOSS CREDIT POLICIES CREDIT QUALITY CREDIT RISK CREDIT RISK EXPOSURES CREDIT RISKS CREDIT UNIONS CURRENT ACCOUNT SURPLUS CUSTODY DEBT SERVICE DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DERIVATIVES MARKET DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC LIQUIDITY DUE DILIGENCE EMERGING ECONOMIES EMERGING MARKETS ENFORCEMENT POWERS ENFORCEMENT PROCESS ENFORCEMENT SYSTEM EXPORTERS EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FUNDING FAIR VALUE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL POLICIES FLOW OF CREDIT FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FRAUD FUTURES GLOBAL MARKET GLOBAL MARKETS GOVERNMENT GUARANTEE GOVERNMENT SUPPORT HOLDING HUMAN RESOURCES INCOME SECURITIES INFLATION INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST INCOME INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE SPREADS INTEREST RATES INTERESTS OF INVESTORS INTERNATIONAL MONEY MARKETS INTERNATIONAL STANDARDS INVESTOR PROTECTION IRREVOCABLE LINE OF CREDIT ISSUANCE LEGAL FRAMEWORK LEGAL IMPEDIMENTS LEGAL TRADITIONS LENDERS LEVEL OF DEBT LEVY LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY POSITION LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOCAL FINANCIAL INSTITUTIONS LONG TERM ASSETS MACROECONOMIC CONDITIONS MACROECONOMIC POLICIES MARKET CAPITALIZATION MARKET CONCENTRATION MARKET DEVELOPMENT MARKET INFRASTRUCTURES MARKET MAKERS MARKET MECHANISMS MARKET PARTICIPANTS MARKET PRACTICES MARKET RISK MARKET RISKS MARKETS DEVELOPMENT MATURITIES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MARKET MORAL HAZARD MORTGAGE MUTUAL SAVINGS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OUTSTANDING DOMESTIC DEBT OUTSTANDING DOMESTIC DEBT SECURITIES PAYMENT SYSTEMS POLICY RESPONSE POLICY RESPONSES PRIMARY MARKET PRUDENTIAL REGULATIONS PUBLIC FUND PUBLIC FUNDS REGULATORY FRAMEWORK REGULATORY STRUCTURE REPAYMENT REPO REPO MARKETS RESERVE RESERVES RETURN RETURN ON ASSETS RISK ASSESSMENTS RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE SAFETY NET SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES DEALERS SECURITIES HOLDINGS SECURITIES MARKET SECURITIES MARKETS SEIZURE SETTLEMENT SETTLEMENT INFRASTRUCTURE SETTLEMENT SERVICES SETTLEMENT SYSTEM SHORT-TERM BORROWING SOLVENCY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SWAP TERRORISM TRADING TRANSACTION TRANSPARENCY TURNOVER VALUATION
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19781538/korea-republic-financial-sector-assessment http://hdl.handle.net/10986/21418

id	okr-10986-21418
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ACCOUNTING STANDARDS AGGREGATE DEBT ALLOCATION OF CREDIT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK OF KOREA BANKING SECTOR BANKING SYSTEM BANKRUPTCY BASIS POINTS BOND BOND MARKET BOND TRADING BROKERS CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CERTIFICATES OF DEPOSITS CIVIL PENALTIES COLLATERAL COLLATERAL RISK COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMPENSATION FUND COMPENSATION FUNDS COMPETITIVE MARKET CONFLICTS OF INTEREST CONTINGENT LIABILITIES CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT EXPANSION CREDIT LINES CREDIT LOSS CREDIT POLICIES CREDIT QUALITY CREDIT RISK CREDIT RISK EXPOSURES CREDIT RISKS CREDIT UNIONS CURRENT ACCOUNT SURPLUS CUSTODY DEBT SERVICE DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DERIVATIVES MARKET DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC LIQUIDITY DUE DILIGENCE EMERGING ECONOMIES EMERGING MARKETS ENFORCEMENT POWERS ENFORCEMENT PROCESS ENFORCEMENT SYSTEM EXPORTERS EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FUNDING FAIR VALUE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL POLICIES FLOW OF CREDIT FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FRAUD FUTURES GLOBAL MARKET GLOBAL MARKETS GOVERNMENT GUARANTEE GOVERNMENT SUPPORT HOLDING HUMAN RESOURCES INCOME SECURITIES INFLATION INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST INCOME INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE SPREADS INTEREST RATES INTERESTS OF INVESTORS INTERNATIONAL MONEY MARKETS INTERNATIONAL STANDARDS INVESTOR PROTECTION IRREVOCABLE LINE OF CREDIT ISSUANCE LEGAL FRAMEWORK LEGAL IMPEDIMENTS LEGAL TRADITIONS LENDERS LEVEL OF DEBT LEVY LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY POSITION LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOCAL FINANCIAL INSTITUTIONS LONG TERM ASSETS MACROECONOMIC CONDITIONS MACROECONOMIC POLICIES MARKET CAPITALIZATION MARKET CONCENTRATION MARKET DEVELOPMENT MARKET INFRASTRUCTURES MARKET MAKERS MARKET MECHANISMS MARKET PARTICIPANTS MARKET PRACTICES MARKET RISK MARKET RISKS MARKETS DEVELOPMENT MATURITIES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MARKET MORAL HAZARD MORTGAGE MUTUAL SAVINGS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OUTSTANDING DOMESTIC DEBT OUTSTANDING DOMESTIC DEBT SECURITIES PAYMENT SYSTEMS POLICY RESPONSE POLICY RESPONSES PRIMARY MARKET PRUDENTIAL REGULATIONS PUBLIC FUND PUBLIC FUNDS REGULATORY FRAMEWORK REGULATORY STRUCTURE REPAYMENT REPO REPO MARKETS RESERVE RESERVES RETURN RETURN ON ASSETS RISK ASSESSMENTS RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE SAFETY NET SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES DEALERS SECURITIES HOLDINGS SECURITIES MARKET SECURITIES MARKETS SEIZURE SETTLEMENT SETTLEMENT INFRASTRUCTURE SETTLEMENT SERVICES SETTLEMENT SYSTEM SHORT-TERM BORROWING SOLVENCY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SWAP TERRORISM TRADING TRANSACTION TRANSPARENCY TURNOVER VALUATION
spellingShingle	ACCOUNTING ACCOUNTING STANDARDS AGGREGATE DEBT ALLOCATION OF CREDIT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK OF KOREA BANKING SECTOR BANKING SYSTEM BANKRUPTCY BASIS POINTS BOND BOND MARKET BOND TRADING BROKERS CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CERTIFICATES OF DEPOSITS CIVIL PENALTIES COLLATERAL COLLATERAL RISK COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMPENSATION FUND COMPENSATION FUNDS COMPETITIVE MARKET CONFLICTS OF INTEREST CONTINGENT LIABILITIES CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT EXPANSION CREDIT LINES CREDIT LOSS CREDIT POLICIES CREDIT QUALITY CREDIT RISK CREDIT RISK EXPOSURES CREDIT RISKS CREDIT UNIONS CURRENT ACCOUNT SURPLUS CUSTODY DEBT SERVICE DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DERIVATIVES MARKET DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC LIQUIDITY DUE DILIGENCE EMERGING ECONOMIES EMERGING MARKETS ENFORCEMENT POWERS ENFORCEMENT PROCESS ENFORCEMENT SYSTEM EXPORTERS EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FUNDING FAIR VALUE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL POLICIES FLOW OF CREDIT FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FRAUD FUTURES GLOBAL MARKET GLOBAL MARKETS GOVERNMENT GUARANTEE GOVERNMENT SUPPORT HOLDING HUMAN RESOURCES INCOME SECURITIES INFLATION INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST INCOME INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE SPREADS INTEREST RATES INTERESTS OF INVESTORS INTERNATIONAL MONEY MARKETS INTERNATIONAL STANDARDS INVESTOR PROTECTION IRREVOCABLE LINE OF CREDIT ISSUANCE LEGAL FRAMEWORK LEGAL IMPEDIMENTS LEGAL TRADITIONS LENDERS LEVEL OF DEBT LEVY LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY POSITION LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOCAL FINANCIAL INSTITUTIONS LONG TERM ASSETS MACROECONOMIC CONDITIONS MACROECONOMIC POLICIES MARKET CAPITALIZATION MARKET CONCENTRATION MARKET DEVELOPMENT MARKET INFRASTRUCTURES MARKET MAKERS MARKET MECHANISMS MARKET PARTICIPANTS MARKET PRACTICES MARKET RISK MARKET RISKS MARKETS DEVELOPMENT MATURITIES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MARKET MORAL HAZARD MORTGAGE MUTUAL SAVINGS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OUTSTANDING DOMESTIC DEBT OUTSTANDING DOMESTIC DEBT SECURITIES PAYMENT SYSTEMS POLICY RESPONSE POLICY RESPONSES PRIMARY MARKET PRUDENTIAL REGULATIONS PUBLIC FUND PUBLIC FUNDS REGULATORY FRAMEWORK REGULATORY STRUCTURE REPAYMENT REPO REPO MARKETS RESERVE RESERVES RETURN RETURN ON ASSETS RISK ASSESSMENTS RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE SAFETY NET SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES DEALERS SECURITIES HOLDINGS SECURITIES MARKET SECURITIES MARKETS SEIZURE SETTLEMENT SETTLEMENT INFRASTRUCTURE SETTLEMENT SERVICES SETTLEMENT SYSTEM SHORT-TERM BORROWING SOLVENCY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SWAP TERRORISM TRADING TRANSACTION TRANSPARENCY TURNOVER VALUATION International Monetary Fund World Bank Financial Sector Assessment : Republic of Korea
geographic_facet	East Asia and Pacific Korea, Republic of
description	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.
format	Economic & Sector Work
author	International Monetary Fund World Bank
author_facet	International Monetary Fund World Bank
author_sort	International Monetary Fund
title	Financial Sector Assessment : Republic of Korea
title_short	Financial Sector Assessment : Republic of Korea
title_full	Financial Sector Assessment : Republic of Korea
title_fullStr	Financial Sector Assessment : Republic of Korea
title_full_unstemmed	Financial Sector Assessment : Republic of Korea
title_sort	financial sector assessment : republic of korea
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2014/06/19781538/korea-republic-financial-sector-assessment http://hdl.handle.net/10986/21418
_version_	1764448196441931776
spelling	okr-10986-214182021-04-23T14:04:02Z Financial Sector Assessment : Republic of Korea International Monetary Fund World Bank ACCOUNTING ACCOUNTING STANDARDS AGGREGATE DEBT ALLOCATION OF CREDIT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK BRANCHES BANK OF KOREA BANKING SECTOR BANKING SYSTEM BANKRUPTCY BASIS POINTS BOND BOND MARKET BOND TRADING BROKERS CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CERTIFICATES OF DEPOSITS CIVIL PENALTIES COLLATERAL COLLATERAL RISK COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMPENSATION FUND COMPENSATION FUNDS COMPETITIVE MARKET CONFLICTS OF INTEREST CONTINGENT LIABILITIES CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT EXPANSION CREDIT LINES CREDIT LOSS CREDIT POLICIES CREDIT QUALITY CREDIT RISK CREDIT RISK EXPOSURES CREDIT RISKS CREDIT UNIONS CURRENT ACCOUNT SURPLUS CUSTODY DEBT SERVICE DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DERIVATIVES MARKET DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC LIQUIDITY DUE DILIGENCE EMERGING ECONOMIES EMERGING MARKETS ENFORCEMENT POWERS ENFORCEMENT PROCESS ENFORCEMENT SYSTEM EXPORTERS EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FUNDING FAIR VALUE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL POLICIES FLOW OF CREDIT FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FRAUD FUTURES GLOBAL MARKET GLOBAL MARKETS GOVERNMENT GUARANTEE GOVERNMENT SUPPORT HOLDING HUMAN RESOURCES INCOME SECURITIES INFLATION INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE MARKET INSURANCE PENETRATION INTEREST INCOME INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE SPREADS INTEREST RATES INTERESTS OF INVESTORS INTERNATIONAL MONEY MARKETS INTERNATIONAL STANDARDS INVESTOR PROTECTION IRREVOCABLE LINE OF CREDIT ISSUANCE LEGAL FRAMEWORK LEGAL IMPEDIMENTS LEGAL TRADITIONS LENDERS LEVEL OF DEBT LEVY LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY POSITION LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOCAL FINANCIAL INSTITUTIONS LONG TERM ASSETS MACROECONOMIC CONDITIONS MACROECONOMIC POLICIES MARKET CAPITALIZATION MARKET CONCENTRATION MARKET DEVELOPMENT MARKET INFRASTRUCTURES MARKET MAKERS MARKET MECHANISMS MARKET PARTICIPANTS MARKET PRACTICES MARKET RISK MARKET RISKS MARKETS DEVELOPMENT MATURITIES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MARKET MORAL HAZARD MORTGAGE MUTUAL SAVINGS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OUTSTANDING DOMESTIC DEBT OUTSTANDING DOMESTIC DEBT SECURITIES PAYMENT SYSTEMS POLICY RESPONSE POLICY RESPONSES PRIMARY MARKET PRUDENTIAL REGULATIONS PUBLIC FUND PUBLIC FUNDS REGULATORY FRAMEWORK REGULATORY STRUCTURE REPAYMENT REPO REPO MARKETS RESERVE RESERVES RETURN RETURN ON ASSETS RISK ASSESSMENTS RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE SAFETY NET SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES DEALERS SECURITIES HOLDINGS SECURITIES MARKET SECURITIES MARKETS SEIZURE SETTLEMENT SETTLEMENT INFRASTRUCTURE SETTLEMENT SERVICES SETTLEMENT SYSTEM SHORT-TERM BORROWING SOLVENCY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SWAP TERRORISM TRADING TRANSACTION TRANSPARENCY TURNOVER VALUATION 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. 2015-02-09T20:50:37Z 2015-02-09T20:50:37Z 2014-06-01 http://documents.worldbank.org/curated/en/2014/06/19781538/korea-republic-financial-sector-assessment http://hdl.handle.net/10986/21418 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program (FSAP) East Asia and Pacific Korea, Republic of

Financial Sector Assessment : Republic of Korea

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