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

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.

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Year of publication:	2003-03-19
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Reports on the Observance of Standards and Codes \| financial institutions \| financial sector \| payment system \| international standards \| life insurance \| bond \| money laundering \| bonds \| financial system \| derivative \| payment systems \| deposit insurance \| securities firms \| financial statements \| due diligence \| customer identification \| accounting standards \| risk management \| suspicious transactions \| banking supervision \| financial policies \| collective investment schemes \| bond market \| good faith \| securities regulation \| insurance business \| internal controls \| market participants \| government bonds \| supervisory agencies \| derivative markets \| bond markets \| transaction reports \| suspicious transaction \| terrorist financing \| securities markets \| stock exchange \| foreign counterparts \| law enforcement \| hedging \| international cooperation \| combating money laundering \| supervisory agency \| suspicious transaction reports \| funds transfers \| transaction reporting \| compliance officer \| financial markets \| hedge \| money market \| government bond \| equity derivatives \| combating money \| effective interest rate \| financial stability \| stock market \| equity market \| corporate bond \| law enforcement agencies \| financial soundness \| money markets \| know your customer \| competent authorities \| auditing practices \| risk management systems \| foreign exchange transactions \| prudential supervision \| insurance entity \| regulatory authority \| due diligence requirements \| market intermediaries \| financial intelligence unit \| financial regulations \| suspicious transaction reporting \| integrity standards \| predicate crimes \| financial sector supervision \| suspicious transactions reporting \| securities sectors \| government bond market \| equity capital \| derivatives markets \| laundering legislation \| ensuring compliance \| futures exchange \| treasury bond \| financial intelligence units \| foreign regulators \| intelligence units \| derivative actions \| supervisory regime \| market infrastructure \| financial market \| securities industry \| foreign banks \| interest rate risk \| life insurance business \| insurance policies \| legal infrastructure \| supervisory process \| financial intermediaries \| prudential regulation \| record keeping requirements \| technical capacity \| derivative transactions \| derivative instruments \| international accounting standards \| regulatory authorities \| equity markets \| terrorism financing \| reporting requirements \| internal procedures \| corporate bond market \| financial services \| housing bonds \| bond yields \| anti money laundering authorities \| reputational risks \| criminal activities \| supervisory body \| stock prices \| regulatory bodies \| derivatives market \| currency derivatives \| self regulatory organization \| border transactions \| currency transactions \| insurance law \| payment chain \| bank supervision \| hedging instruments \| charitable organizations \| derivative contracts \| wire transfer \| derivatives exchange \| futures transactions \| futures contract \| transferring funds \| know your customer ? policies \| life insurance policies \| derivatives transactions \| investor confidence \| identification procedures \| internal rules \| stock market index \| regulatory requirements \| technical assistance mission \| securities transactions \| customer ? policies \| hedges \| money market funds \| credit derivatives \| stock index \| liquidity support \| supervisory authorities \| foreign exchange derivative \| bond yield \| deposit rates \| insider trading \| meaningful originator information \| financial supervision \| risk customers \| insurance contract \| iosco principles \| foreign branches \| financial derivatives \| corporate bonds \| unusual transactions \| derivatives trading \| moral hazard \| benchmark government bond \| hand endowment policies \| accounting firms \| domestic interest rates \| supervisory framework \| terrorist assets \| financial service providers \| anti money laundering \| shell corporations \| hedging strategies \| long-term bonds \| corporate bond markets \| cash flow \| customer identity \| risk profile \| insurance supervisors \| treasury bonds \| term bonds \| valuation of liabilities \| correspondent bank \| reserve requirements

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/81 7 pages long
Source:	RePEc - Research Papers in Economics

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