Regulatory Alerts2026-07-15 | 87344Added · Updated
FSC Approves Recovery and Resolution Plans for D-SIFIs
The Financial Services Commission approved the 2026 recovery and resolution plans for ten domestic systematically important financial institutions, including Shinhan, KB, KEB Hana, Woori, and NongHyup financial holding companies and their banks. The approved plans incorporate enhanced tools for proactive risk preparation and expedited resolution proceedings, while specific improvements regarding cybersecurity and digital bank runs were identified for the institutions and the Korea Deposit Insurance Corporation. These annual plans are mandated under the Act on the Structural Improvement of the Financial Industry, with future reviews for 2027 and joint risk response exercises planned for the second half of the year.
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