A peer review published by the Financial Stability Board praises the “good progress” made by South Korea on implementing its resolution and crisis management frameworks.
“The resolution framework already includes a number of the resolution powers set out in the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions, and reforms are under way to strengthen it further,” the review says.
However, it also says the Korean authorities have more work to do to close gaps betwe
- Latvian police detain central bank governor on corruption charges
- RBI under pressure from alleged banking fraud scandal
- Ireland withdraws Lane’s nomination for ECB vice president
- Saudi Arabia’s Alkholifey on economic restructuring, reserves and cyber security
- ECB orders Latvia to shutter bank over laundering allegations