Republic of Korea: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems

March 19, 2003

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International Monetary Fund. Monetary and Capital Markets Department "Republic of Korea: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems", IMF Staff Country Reports 2003, 081 (2003), accessed November 21, 2024, https://doi.org/10.5089/9781451822151.002

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Summary

This paper presents key finding of the Financial System Stability Assessment for the Republic of Korea, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems. Korea has achieved a high degree of observance of key standards and codes through newly revised laws and competent supervision. However, supervisory independence could be strengthened to improve the ability to provide authoritative guidance and interpretation. Reform of the banking sector has restored profitability and improved its strength and resilience.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Financial institutions, Insurance, Insurance companies, Securities

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Balance sheet, Banking sector, Central bank, Commercial banks, CR, Due diligence, Financial market, Global, Government bond, Insurance, Insurance companies, Investment trust, ISCR, Securities

Publication Details

Pages:

74
Volume:

2003
DOI:

https://doi.org/10.5089/9781451822151.002
Issue:

081
Series:

Country Report No. 2003/081
Stock No:

1KOREA0032003
ISBN:

9781451822151
ISSN:

1934-7685

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