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.
Amendments Proposed for Domestic-Systemically Important Banks and Countercyclical Capital Buffer as Recommended by the Basel Committee on Banking Supervision
Date
2016-01-14
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Amendments Proposed for D-SIB Selection and Countercyclical Capital Buffer_.pdf (fileSize: 151KB)
The Financial Services Commission announced on December 17, 2015, amendments to the Regulation on Supervision of Banking Business and the Supervisory Regulation on Financial Holding Companies. The proposed amendments are intended to facilitate the designation of domestic-systemically important banks (D-SIBs) and the imposition of countercyclical capital buffer as recommended by the Basel Committee.
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Department/Division in charge of Information management
Department/Division In charge
International Affairs Department(Financial Hub Korea) International Cooperation Team
Phone Number
+82-2-3145-7895