Regulatory Alerts2025-07-23 | 84996FSC Approves Recovery and Resolution Plans for D-SIFIs
The Financial Services Commission approved the 2025 recovery and resolution plans for ten Domestic Systemically Important Financial Institutions, including major holding companies and their banks. The approved plans incorporate enhanced tools and mechanisms to enable proactive risk preparation and facilitate swifter resolution proceedings in line with international standards. These measures aim to strengthen financial system stability and resilience, with future reviews for 2026 D-SIFIs planned for subsequent years.
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FSC Approves Recovery and Resolution Plans for D-SIFIs Jul 23, 2025
The Financial Services Commission announced on July 23 that it has approved the recovery plans prepared by D-SIFIs (2025) and their resolution plans drawn up by the Korea Deposit Insurance Corporation (KDIC) as recommended by the Financial Stability Board (FSB).
The FSC found that the recovery and resolution plans for ten D-SIFIs selected for 2025—Shinhan, KB, KEB Hana, Woori, and NongHyup financial holding companies and their banks—mostly meet international standards and those prescribed under the Act on the Structural Improvement of the Financial Industry. Certain factors that came across as requiring improvement and areas identified as obstacles in the resolution process have been notified to the KDIC and SIFIs.
Compared to the previous year, the recovery and resolution plans approved by the FSC this year carry tools and mechanisms enabling large financial companies to more actively prepare and respond to risk situations in advance, while allowing the resolution authority to more swiftly carry out resolution proceedings, thereby helping to ensure stability and resilience in the financial system in a more effective manner.
The recovery and resolution plans are operated on a yearly basis, and the authorities plan to review and approve the recovery and resolution plans for D-SIFIs selected for 2026 in the future.
- Please refer to the attached PDF for details.
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