Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision
This assessment of the current state of the implementation of the Basel core principles for effective banking supervision (BCP) in the Republic of Korea has been completed as part of a financial sector assessment program (FSAP) update undertaken by...
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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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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/09/20375583/korea-financial-sector-assessment-program http://hdl.handle.net/10986/20581 |
| id |
okr-10986-20581 |
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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 |
ACCESS TO BANKS ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS AFFILIATES ARBITRAGE ASSET CLASS ASSET CLASSES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET PRICE ASSET QUALITY AUDITING AUDITS AUTONOMY BALANCE SHEET BANK BORROWINGS BANK DEPOSIT BANK EXAMINATION BANK FAILURE BANK HOLDING BANK HOLDING COMPANIES BANK OF KOREA BANK OFFICERS BANKING INDUSTRY BANKING LAWS BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BORROWER BROKERS BUDGETARY PROCESSES BUDGETING CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOW CAPITAL FLOWS CAPITAL MARKETS CAPITAL PLANNING CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOW CHECKS COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER PROTECTION CORPORATE GOVERNANCE CREDIBILITY CREDIT COOPERATIVES CREDIT LOSS CREDIT POLICIES CREDIT RISK CREDIT RISK MANAGEMENT CREDIT UNIONS CURRENCY CURRENT ACCOUNT SURPLUS CUSTODY DEBT DEBT REDUCTION DEPOSIT DEPOSIT INSURANCE DEPOSIT TAKING INSTITUTIONS DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DOMESTIC BANKS DUE DILIGENCE EMPLOYMENT EQUITY CAPITAL EXCHANGE RATE EXPENDITURE EXPENDITURES EXTERNAL AUDITORS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FIXED INVESTMENT FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FUTURES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HOLDING HOLDING COMPANIES HUMAN RESOURCES INFLATION INFORMATION SYSTEM INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE RISK INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL FINANCE INTERNATIONAL STANDARDS ISSUANCE LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGISLATION LIQUIDATION LIQUIDITY LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOAN LOSS PROVISIONS MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET DISCIPLINE MARKET INDEX MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET STRUCTURE MATURITY MATURITY MISMATCH MERCHANT BANKS MICRO CREDIT MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MORAL HAZARD MORTGAGE MUTUAL SAVINGS MUTUAL SAVINGS BANKS NATURAL DISASTER NEGOTIABLE INSTRUMENTS NON-PERFORMING LOANS NONBANKS NPL OFFSITE MONITORING OFFSITE SUPERVISION OFFSITE SURVEILLANCE ONSITE EXAMINATION OPERATIONAL INDEPENDENCE OPERATIONAL RISK OWNERSHIP STRUCTURE PENALTIES PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIOS POST OFFICE PRICE STABILITY PRIVATE FINANCIAL INSTITUTIONS PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PRUDENTIAL STANDARDS PUBLIC FUNDS REGIONAL BANKS REGULATORY FRAMEWORK REGULATORY PRACTICES REPAYMENT REPAYMENT CAPACITY RESERVE RESERVES RESOURCE ALLOCATION RETURN RISK CAPITAL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES SETTLEMENT SHAREHOLDER SHAREHOLDERS SHORT-TERM DEBT SMALL LOANS SPECIALIZED BANKS STOCKS SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC RISK TAX TERRORISM TIER 1 CAPITAL TOTAL DEBT TRADING TRANSACTION TRANSFER RISK TRANSFER RISKS TRANSPARENCY VALUATION VALUATIONS WRITE OFFS |
| spellingShingle |
ACCESS TO BANKS ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS AFFILIATES ARBITRAGE ASSET CLASS ASSET CLASSES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET PRICE ASSET QUALITY AUDITING AUDITS AUTONOMY BALANCE SHEET BANK BORROWINGS BANK DEPOSIT BANK EXAMINATION BANK FAILURE BANK HOLDING BANK HOLDING COMPANIES BANK OF KOREA BANK OFFICERS BANKING INDUSTRY BANKING LAWS BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BORROWER BROKERS BUDGETARY PROCESSES BUDGETING CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOW CAPITAL FLOWS CAPITAL MARKETS CAPITAL PLANNING CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOW CHECKS COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER PROTECTION CORPORATE GOVERNANCE CREDIBILITY CREDIT COOPERATIVES CREDIT LOSS CREDIT POLICIES CREDIT RISK CREDIT RISK MANAGEMENT CREDIT UNIONS CURRENCY CURRENT ACCOUNT SURPLUS CUSTODY DEBT DEBT REDUCTION DEPOSIT DEPOSIT INSURANCE DEPOSIT TAKING INSTITUTIONS DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DOMESTIC BANKS DUE DILIGENCE EMPLOYMENT EQUITY CAPITAL EXCHANGE RATE EXPENDITURE EXPENDITURES EXTERNAL AUDITORS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FIXED INVESTMENT FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FUTURES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HOLDING HOLDING COMPANIES HUMAN RESOURCES INFLATION INFORMATION SYSTEM INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE RISK INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL FINANCE INTERNATIONAL STANDARDS ISSUANCE LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGISLATION LIQUIDATION LIQUIDITY LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOAN LOSS PROVISIONS MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET DISCIPLINE MARKET INDEX MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET STRUCTURE MATURITY MATURITY MISMATCH MERCHANT BANKS MICRO CREDIT MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MORAL HAZARD MORTGAGE MUTUAL SAVINGS MUTUAL SAVINGS BANKS NATURAL DISASTER NEGOTIABLE INSTRUMENTS NON-PERFORMING LOANS NONBANKS NPL OFFSITE MONITORING OFFSITE SUPERVISION OFFSITE SURVEILLANCE ONSITE EXAMINATION OPERATIONAL INDEPENDENCE OPERATIONAL RISK OWNERSHIP STRUCTURE PENALTIES PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIOS POST OFFICE PRICE STABILITY PRIVATE FINANCIAL INSTITUTIONS PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PRUDENTIAL STANDARDS PUBLIC FUNDS REGIONAL BANKS REGULATORY FRAMEWORK REGULATORY PRACTICES REPAYMENT REPAYMENT CAPACITY RESERVE RESERVES RESOURCE ALLOCATION RETURN RISK CAPITAL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES SETTLEMENT SHAREHOLDER SHAREHOLDERS SHORT-TERM DEBT SMALL LOANS SPECIALIZED BANKS STOCKS SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC RISK TAX TERRORISM TIER 1 CAPITAL TOTAL DEBT TRADING TRANSACTION TRANSFER RISK TRANSFER RISKS TRANSPARENCY VALUATION VALUATIONS WRITE OFFS International Monetary Fund World Bank Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision |
| geographic_facet |
East Asia and Pacific Korea, Republic of |
| description |
This assessment of the current state of
the implementation of the Basel core principles for
effective banking supervision (BCP) in the Republic of Korea
has been completed as part of a financial sector assessment
program (FSAP) update undertaken by the international
monetary fund (IMF) and the World Bank (WB) during 2013. It
reflects the regulatory and supervisory framework in place
as of the date of the completion of the assessment. An
assessment of the effectiveness of banking supervision
requires a review of the legal framework, and detailed
examination of the policies and practices of the
institution(s) responsible for banking regulation and
supervision. In line with the BCP methodology, the
assessment focused on the financial services commission -
financial supervisory authority (FSC-FSS). This FSAP
provides introduction; information and methodology used for
assessment; institutional and macroeconomic setting and
market structure - overview; preconditions for effective
banking supervision; summary compliance with the Basel core
principles; and detailed assessment. |
| 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 - Basel Core Principles folr Effective Banking Supervision |
| title_short |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision |
| title_full |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision |
| title_fullStr |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision |
| title_full_unstemmed |
Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision |
| title_sort |
republic of korea financial sector assessment program : detailed assessment of observance - basel core principles folr effective banking supervision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/09/20375583/korea-financial-sector-assessment-program http://hdl.handle.net/10986/20581 |
| _version_ |
1764445789381197824 |
| spelling |
okr-10986-205812021-04-23T14:03:56Z Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision International Monetary Fund World Bank ACCESS TO BANKS ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS AFFILIATES ARBITRAGE ASSET CLASS ASSET CLASSES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET PRICE ASSET QUALITY AUDITING AUDITS AUTONOMY BALANCE SHEET BANK BORROWINGS BANK DEPOSIT BANK EXAMINATION BANK FAILURE BANK HOLDING BANK HOLDING COMPANIES BANK OF KOREA BANK OFFICERS BANKING INDUSTRY BANKING LAWS BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BORROWER BROKERS BUDGETARY PROCESSES BUDGETING CAPITAL ADEQUACY CAPITAL BASE CAPITAL FLOW CAPITAL FLOWS CAPITAL MARKETS CAPITAL PLANNING CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOW CHECKS COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER PROTECTION CORPORATE GOVERNANCE CREDIBILITY CREDIT COOPERATIVES CREDIT LOSS CREDIT POLICIES CREDIT RISK CREDIT RISK MANAGEMENT CREDIT UNIONS CURRENCY CURRENT ACCOUNT SURPLUS CUSTODY DEBT DEBT REDUCTION DEPOSIT DEPOSIT INSURANCE DEPOSIT TAKING INSTITUTIONS DEPOSITORS DEPOSITORY INSTITUTIONS DEPOSITS DERIVATIVES DOMESTIC BANKS DUE DILIGENCE EMPLOYMENT EQUITY CAPITAL EXCHANGE RATE EXPENDITURE EXPENDITURES EXTERNAL AUDITORS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FIXED INVESTMENT FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FUTURES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HOLDING HOLDING COMPANIES HUMAN RESOURCES INFLATION INFORMATION SYSTEM INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE RISK INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL FINANCE INTERNATIONAL STANDARDS ISSUANCE LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGISLATION LIQUIDATION LIQUIDITY LIQUIDITY RATIOS LIQUIDITY RISK LOAN LOAN LOSS PROVISIONS MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MANAGEMENT INFORMATION SYSTEMS MANDATES MARKET DISCIPLINE MARKET INDEX MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET STRUCTURE MATURITY MATURITY MISMATCH MERCHANT BANKS MICRO CREDIT MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MORAL HAZARD MORTGAGE MUTUAL SAVINGS MUTUAL SAVINGS BANKS NATURAL DISASTER NEGOTIABLE INSTRUMENTS NON-PERFORMING LOANS NONBANKS NPL OFFSITE MONITORING OFFSITE SUPERVISION OFFSITE SURVEILLANCE ONSITE EXAMINATION OPERATIONAL INDEPENDENCE OPERATIONAL RISK OWNERSHIP STRUCTURE PENALTIES PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIOS POST OFFICE PRICE STABILITY PRIVATE FINANCIAL INSTITUTIONS PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS PRUDENTIAL STANDARDS PUBLIC FUNDS REGIONAL BANKS REGULATORY FRAMEWORK REGULATORY PRACTICES REPAYMENT REPAYMENT CAPACITY RESERVE RESERVES RESOURCE ALLOCATION RETURN RISK CAPITAL RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES SETTLEMENT SHAREHOLDER SHAREHOLDERS SHORT-TERM DEBT SMALL LOANS SPECIALIZED BANKS STOCKS SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC RISK TAX TERRORISM TIER 1 CAPITAL TOTAL DEBT TRADING TRANSACTION TRANSFER RISK TRANSFER RISKS TRANSPARENCY VALUATION VALUATIONS WRITE OFFS This assessment of the current state of the implementation of the Basel core principles for effective banking supervision (BCP) in the Republic of Korea has been completed as part of a financial sector assessment program (FSAP) update undertaken by the international monetary fund (IMF) and the World Bank (WB) during 2013. It reflects the regulatory and supervisory framework in place as of the date of the completion of the assessment. An assessment of the effectiveness of banking supervision requires a review of the legal framework, and detailed examination of the policies and practices of the institution(s) responsible for banking regulation and supervision. In line with the BCP methodology, the assessment focused on the financial services commission - financial supervisory authority (FSC-FSS). This FSAP provides introduction; information and methodology used for assessment; institutional and macroeconomic setting and market structure - overview; preconditions for effective banking supervision; summary compliance with the Basel core principles; and detailed assessment. 2014-11-19T21:46:25Z 2014-11-19T21:46:25Z 2014-09 http://documents.worldbank.org/curated/en/2014/09/20375583/korea-financial-sector-assessment-program http://hdl.handle.net/10986/20581 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 |