Regulatory Alerts2024-07-11 | 82663FSC Approves Recovery and Resolution Plans for D-SIFIs
The Financial Services Commission approved the 2024 recovery and resolution plans for ten Domestic Systemically Important Financial Institutions, including major holding companies like Shinhan and KB. These plans meet international standards and introduce enhanced tools for proactive risk preparation and swifter resolution proceedings to ensure financial system stability. The FSC identified specific areas requiring improvement and notified the Korea Deposit Insurance Corporation and the respective institutions of these obstacles.
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