Regulatory Alerts2024-07-10 | 82649FSC Identifies D-SIBs and D-SIFIs for 2025
The Financial Services Commission designated five bank holding companies and five banks as domestic systemically important banks and financial institutions for 2025. These entities must maintain an additional common equity capital buffer of 1.0 percent and submit recovery plans to the Financial Supervisory Service. The selected institutions remain unchanged from the previous year, resulting in no actual increase in required capital ratios.
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FSC Identifies D-SIBs and D-SIFIs for 2025 Jul 10, 2024
The Financial Services Commission identified five bank holding companies (BHCs) and five banks as domestic systemically important banks (D-SIBs) and domestic systemically important financial institutions (D-SIFIs) for 2025 on July 10. Those selected for 2025 are same as the previous year’s list of selection—Shinhan Financial Group, KB Financial Group, Hana Financial Group, Woori Financial Group, NH Financial Group, KB Kookmin Bank, Shinhan Bank, Woori Bank, KEB Hana Bank and NH Bank. Those identified as D-SIBs are required to set aside an additional common equity capital of 1.0 percent.
The FSC identifies D-SIBs every year in accordance with assessment criteria recommended by the Basel Committee on Banking Supervision (BCBS).
Meanwhile, the FSC also identifies D-SIBs as domestic systemically important financial institutions (D-SIFIs) under the amended Act on the Structural Improvement of the Financial Industry. D-SIFIs are required to prepare and submit their own recovery plans to the Financial Supervisory Service (FSS) within three months from the day of being designated as a D-SIFI.
Since the D-SIBs selected for 2025 are the same as the previous year, there will be no actual increase in capital ratio required from them.
- Please refer to the attached PDF for details.
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