Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation
An assessment of the level of implementation of the IOSCO Objectives and Principles of Securities Regulation (IOSCO Principles) was conducted in the Republic of Korea (Korea) from April 3 to 19, 2013 as part of the IMF-World Bank Financial Sector A...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/09/20375068/korea-republic-financial-sector-assessment-program-detailed-assessement-observance-iosco-objectives-principles-securities-regulation http://hdl.handle.net/10986/20580 |
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okr-10986-20580 |
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| 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 |
ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ALTERNATIVE TRADING SYSTEM ALTERNATIVE TRADING SYSTEMS ASSET MANAGEMENT AUDIT COMMITTEE AUDIT STANDARDS AUDITS AUTHORIZATION REQUIREMENT BANK BRANCHES BANKING INSTITUTIONS BANKRUPTCY BOND BOND BUSINESS BOND TRADING BONDS BOOK VALUE BROKER BROKERAGE BUSINESS INVESTMENT CAPITAL MARKET CAPITAL MARKETS CAPITAL RATIO CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CHECKS CIVIL LAW CLIENT ASSETS CODE OF CONDUCT COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL LAW COMPENSATION FUNDS CONDUCT REQUIREMENTS CONFIDENTIALITY CONFLICTS OF INTEREST CORPORATE GOVERNANCE CREDIBILITY CREDIT INFORMATION CREDIT POLICIES CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT UNIONS CUSTODY DEBT DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITS DERIVATIVES DERIVATIVES MARKETS DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION ENFORCEMENT MECHANISMS ENFORCEMENT POWERS ENFORCEMENT PROCESS EQUITIES EQUITY SECURITIES EXPOSURE EXPOSURES FAIR TRADE FAIR VALUE FINANCE CORPORATION FINANCIAL CONTRACTS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED INCOME FIXED INCOME SECURITIES FOREIGN EXCHANGE FOREIGN INVESTORS FRAUD FUND ASSETS FUND MANAGEMENT FUND MANAGERS FUTURES FUTURES CONTRACT FUTURES EXCHANGE FUTURES MARKETS HEDGE FUND HEDGE FUND MANAGERS HEDGE FUNDS HOLDING HOLDINGS ILLIQUID SECURITIES INCOME INSTRUMENTS INDEPENDENT JUDICIARY INDIRECT HOLDING SYSTEMS INFORMATION SERVICE INFORMATION SHARING INFORMATION SYSTEM INFORMATION TECHNOLOGY INSIDER TRADING INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE PRODUCTS INSURERS INTERESTS OF INVESTORS INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT MANAGEMENT INVESTMENT STRATEGY INVESTOR BASE INVESTOR PROTECTION ISSUANCE JUDICIAL SYSTEM JURISDICTION LEGAL FRAMEWORK LEGAL IMPEDIMENTS MARKET CAPITALIZATION MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET INFRASTRUCTURES MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET PARTICIPANTS MARKET PRACTICE MARKET PRACTICES MARKET STRUCTURE MARKET SURVEILLANCE MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONETARY POLICY MONEY MARKET MONOPOLY MUTUAL SAVINGS POLICY RESPONSES PORTFOLIO PORTFOLIO MANAGERS POTENTIAL INVESTOR PRICE LIMITS PRIMARY MARKET PRIVATE PLACEMENT PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PUBLIC OFFERING REAL ESTATE REGISTRATION STATEMENT REGISTRATION STATEMENTS REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REGULATORY STRUCTURE REGULATORY SYSTEM RESERVE RESERVE REQUIREMENTS RETAIL INVESTORS RIGHTS OF SHAREHOLDERS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES BROKERS SECURITIES DEALERS SECURITIES EXCHANGES SECURITIES HOLDING SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SHAREHOLDERS STOCK EXCHANGE STOCK MARKET STOCK PRICE STOCKS SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SYSTEMIC RISK SYSTEMIC RISKS TRADES TRADING TRADING ACTIVITY TRADING SYSTEM TRADING SYSTEMS TRADING VALUE TRANSACTION TRANSPARENCY TRUSTEE TRUSTEES TURNOVER VALUATION |
| spellingShingle |
ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ALTERNATIVE TRADING SYSTEM ALTERNATIVE TRADING SYSTEMS ASSET MANAGEMENT AUDIT COMMITTEE AUDIT STANDARDS AUDITS AUTHORIZATION REQUIREMENT BANK BRANCHES BANKING INSTITUTIONS BANKRUPTCY BOND BOND BUSINESS BOND TRADING BONDS BOOK VALUE BROKER BROKERAGE BUSINESS INVESTMENT CAPITAL MARKET CAPITAL MARKETS CAPITAL RATIO CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CHECKS CIVIL LAW CLIENT ASSETS CODE OF CONDUCT COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL LAW COMPENSATION FUNDS CONDUCT REQUIREMENTS CONFIDENTIALITY CONFLICTS OF INTEREST CORPORATE GOVERNANCE CREDIBILITY CREDIT INFORMATION CREDIT POLICIES CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT UNIONS CUSTODY DEBT DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITS DERIVATIVES DERIVATIVES MARKETS DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION ENFORCEMENT MECHANISMS ENFORCEMENT POWERS ENFORCEMENT PROCESS EQUITIES EQUITY SECURITIES EXPOSURE EXPOSURES FAIR TRADE FAIR VALUE FINANCE CORPORATION FINANCIAL CONTRACTS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED INCOME FIXED INCOME SECURITIES FOREIGN EXCHANGE FOREIGN INVESTORS FRAUD FUND ASSETS FUND MANAGEMENT FUND MANAGERS FUTURES FUTURES CONTRACT FUTURES EXCHANGE FUTURES MARKETS HEDGE FUND HEDGE FUND MANAGERS HEDGE FUNDS HOLDING HOLDINGS ILLIQUID SECURITIES INCOME INSTRUMENTS INDEPENDENT JUDICIARY INDIRECT HOLDING SYSTEMS INFORMATION SERVICE INFORMATION SHARING INFORMATION SYSTEM INFORMATION TECHNOLOGY INSIDER TRADING INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE PRODUCTS INSURERS INTERESTS OF INVESTORS INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT MANAGEMENT INVESTMENT STRATEGY INVESTOR BASE INVESTOR PROTECTION ISSUANCE JUDICIAL SYSTEM JURISDICTION LEGAL FRAMEWORK LEGAL IMPEDIMENTS MARKET CAPITALIZATION MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET INFRASTRUCTURES MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET PARTICIPANTS MARKET PRACTICE MARKET PRACTICES MARKET STRUCTURE MARKET SURVEILLANCE MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONETARY POLICY MONEY MARKET MONOPOLY MUTUAL SAVINGS POLICY RESPONSES PORTFOLIO PORTFOLIO MANAGERS POTENTIAL INVESTOR PRICE LIMITS PRIMARY MARKET PRIVATE PLACEMENT PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PUBLIC OFFERING REAL ESTATE REGISTRATION STATEMENT REGISTRATION STATEMENTS REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REGULATORY STRUCTURE REGULATORY SYSTEM RESERVE RESERVE REQUIREMENTS RETAIL INVESTORS RIGHTS OF SHAREHOLDERS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES BROKERS SECURITIES DEALERS SECURITIES EXCHANGES SECURITIES HOLDING SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SHAREHOLDERS STOCK EXCHANGE STOCK MARKET STOCK PRICE STOCKS SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SYSTEMIC RISK SYSTEMIC RISKS TRADES TRADING TRADING ACTIVITY TRADING SYSTEM TRADING SYSTEMS TRADING VALUE TRANSACTION TRANSPARENCY TRUSTEE TRUSTEES TURNOVER VALUATION International Monetary Fund World Bank Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation |
| geographic_facet |
East Asia and Pacific Korea, Republic of |
| description |
An assessment of the level of
implementation of the IOSCO Objectives and Principles of
Securities Regulation (IOSCO Principles) was conducted in
the Republic of Korea (Korea) from April 3 to 19, 2013 as
part of the IMF-World Bank Financial Sector Assessment
Program (FSAP). The assessment was made by Eija Holttinen,
Monetary and Capital Markets Department, IMF, and Andrea
Corcoran, an external expert working for the World Bank. The
previous IOSCO assessment of Korea was conducted in 2001-02
before the first IOSCO Assessment Methodology had been
developed. From the perspective of the IOSCO Principles,
this is therefore effectively a first assessment. Hence,
comparisons with the prior assessment are discouraged since
the process has since been refined to promote consistency
and has become progressively more rigorous. The assessment
was based on: (i) a self-assessment and additional written
responses prepared by the authorities; (ii) reviews of the
relevant legislation and regulations; (iii) meetings with
the management and staff of the FSC, SFC, FSS, Ministry of
Strategy and Finance (MOSF), Bank of Korea (BOK), Seoul
Central District Public Prosecutor s Office; and (iv)
meetings with SROs and market participants, including the
KRX, Korea Securities Depository (KSD), KOFIA, KICPA, Korean
Chamber of Commerce and Industry, banks, securities
companies, fund managers, issuers, credit rating agencies,
audit firms and local lawyers specialized in securities
markets law. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation |
| title_short |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation |
| title_full |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation |
| title_fullStr |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation |
| title_full_unstemmed |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation |
| title_sort |
republic of korea financial sector assessment program : detailed assessment of observance - iosco objectives and principles of securities regulation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/09/20375068/korea-republic-financial-sector-assessment-program-detailed-assessement-observance-iosco-objectives-principles-securities-regulation http://hdl.handle.net/10986/20580 |
| _version_ |
1764445786705231872 |
| spelling |
okr-10986-205802021-04-23T14:03:56Z Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation International Monetary Fund World Bank ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ALTERNATIVE TRADING SYSTEM ALTERNATIVE TRADING SYSTEMS ASSET MANAGEMENT AUDIT COMMITTEE AUDIT STANDARDS AUDITS AUTHORIZATION REQUIREMENT BANK BRANCHES BANKING INSTITUTIONS BANKRUPTCY BOND BOND BUSINESS BOND TRADING BONDS BOOK VALUE BROKER BROKERAGE BUSINESS INVESTMENT CAPITAL MARKET CAPITAL MARKETS CAPITAL RATIO CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL SECURITIES DEPOSITORY CHECKS CIVIL LAW CLIENT ASSETS CODE OF CONDUCT COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL LAW COMPENSATION FUNDS CONDUCT REQUIREMENTS CONFIDENTIALITY CONFLICTS OF INTEREST CORPORATE GOVERNANCE CREDIBILITY CREDIT INFORMATION CREDIT POLICIES CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT UNIONS CUSTODY DEBT DEFAULT RISK DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITS DERIVATIVES DERIVATIVES MARKETS DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION ENFORCEMENT MECHANISMS ENFORCEMENT POWERS ENFORCEMENT PROCESS EQUITIES EQUITY SECURITIES EXPOSURE EXPOSURES FAIR TRADE FAIR VALUE FINANCE CORPORATION FINANCIAL CONTRACTS FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED INCOME FIXED INCOME SECURITIES FOREIGN EXCHANGE FOREIGN INVESTORS FRAUD FUND ASSETS FUND MANAGEMENT FUND MANAGERS FUTURES FUTURES CONTRACT FUTURES EXCHANGE FUTURES MARKETS HEDGE FUND HEDGE FUND MANAGERS HEDGE FUNDS HOLDING HOLDINGS ILLIQUID SECURITIES INCOME INSTRUMENTS INDEPENDENT JUDICIARY INDIRECT HOLDING SYSTEMS INFORMATION SERVICE INFORMATION SHARING INFORMATION SYSTEM INFORMATION TECHNOLOGY INSIDER TRADING INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE PRODUCTS INSURERS INTERESTS OF INVESTORS INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT MANAGEMENT INVESTMENT STRATEGY INVESTOR BASE INVESTOR PROTECTION ISSUANCE JUDICIAL SYSTEM JURISDICTION LEGAL FRAMEWORK LEGAL IMPEDIMENTS MARKET CAPITALIZATION MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET INFRASTRUCTURES MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET PARTICIPANTS MARKET PRACTICE MARKET PRACTICES MARKET STRUCTURE MARKET SURVEILLANCE MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONETARY POLICY MONEY MARKET MONOPOLY MUTUAL SAVINGS POLICY RESPONSES PORTFOLIO PORTFOLIO MANAGERS POTENTIAL INVESTOR PRICE LIMITS PRIMARY MARKET PRIVATE PLACEMENT PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PUBLIC OFFERING REAL ESTATE REGISTRATION STATEMENT REGISTRATION STATEMENTS REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REGULATORY STRUCTURE REGULATORY SYSTEM RESERVE RESERVE REQUIREMENTS RETAIL INVESTORS RIGHTS OF SHAREHOLDERS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAVINGS BANKS SECONDARY MARKETS SECURITIES SECURITIES BROKERS SECURITIES DEALERS SECURITIES EXCHANGES SECURITIES HOLDING SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SHAREHOLDERS STOCK EXCHANGE STOCK MARKET STOCK PRICE STOCKS SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SYSTEMIC RISK SYSTEMIC RISKS TRADES TRADING TRADING ACTIVITY TRADING SYSTEM TRADING SYSTEMS TRADING VALUE TRANSACTION TRANSPARENCY TRUSTEE TRUSTEES TURNOVER VALUATION An assessment of the level of implementation of the IOSCO Objectives and Principles of Securities Regulation (IOSCO Principles) was conducted in the Republic of Korea (Korea) from April 3 to 19, 2013 as part of the IMF-World Bank Financial Sector Assessment Program (FSAP). The assessment was made by Eija Holttinen, Monetary and Capital Markets Department, IMF, and Andrea Corcoran, an external expert working for the World Bank. The previous IOSCO assessment of Korea was conducted in 2001-02 before the first IOSCO Assessment Methodology had been developed. From the perspective of the IOSCO Principles, this is therefore effectively a first assessment. Hence, comparisons with the prior assessment are discouraged since the process has since been refined to promote consistency and has become progressively more rigorous. The assessment was based on: (i) a self-assessment and additional written responses prepared by the authorities; (ii) reviews of the relevant legislation and regulations; (iii) meetings with the management and staff of the FSC, SFC, FSS, Ministry of Strategy and Finance (MOSF), Bank of Korea (BOK), Seoul Central District Public Prosecutor s Office; and (iv) meetings with SROs and market participants, including the KRX, Korea Securities Depository (KSD), KOFIA, KICPA, Korean Chamber of Commerce and Industry, banks, securities companies, fund managers, issuers, credit rating agencies, audit firms and local lawyers specialized in securities markets law. 2014-11-19T21:41:24Z 2014-11-19T21:41:24Z 2014-09 http://documents.worldbank.org/curated/en/2014/09/20375068/korea-republic-financial-sector-assessment-program-detailed-assessement-observance-iosco-objectives-principles-securities-regulation http://hdl.handle.net/10986/20580 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work East Asia and Pacific Korea, Republic of |