Publication: Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision
Date
2014-09
ISSN
Published
2014-09
Author(s)
International Monetary Fund
World Bank
Abstract
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.
Citation
“International Monetary Fund; World Bank. 2014. Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles folr Effective Banking Supervision. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/20581 License: CC BY 3.0 IGO.”