Regulatory Alerts2016-01-14
Amendments Proposed for Domestic-Systemically Important Banks and Countercyclical Capital Buffer
The Financial Services Commission announced amendments to the Regulation on Supervision of Banking Business and the Supervisory Regulation on Financial Holding Companies. These changes establish a formal framework for designating domestic-systemically important banks and implementing the countercyclical capital buffer. The updated regulations align Korean banking oversight with Basel Committee recommendations to strengthen financial stability and risk management.
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