Regulatory Alerts2026-07-31 | 87454Added
FSC Identifies D-SIBs and D-SIFIs for 2027
The Financial Services Commission (FSC) identified five banks and five bank holding companies as domestic systemically important banks (D-SIBs) and domestic systemically important financial institutions (D-SIFIs) for 2027. The list, which includes Shinhan Financial Group, KB Financial Group, Hana Financial Group, Woori Financial Group, NH Financial Group, Shinhan Bank, Woori Bank, KB Bank, Hana Bank, and NH Bank, remains unchanged from the previous year. D-SIBs are required to set aside an additional common equity capital of 1.0 percent, though no actual increase in capital ratio is required this year due to the consistent list. D-SIFIs must have their own recovery plans and Korea Deposit Insurance Corporation (KDIC)-prepared resolution plans approved annually by the FSC, with those designated for 2027 required to submit their recovery plans to the Financial Supervisory Service (FSS) within three months of designation.
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FSC Identifies D-SIBs and D-SIFIs for 2027 Jul 31, 2026
The Financial Services Commission identified five banks and five bank holding companies (BHCs) as domestic systemically important banks (D-SIBs) and domestic systemically important financial institutions (D-SIFIs) for 2027 at the 14 th regular meeting held on July 31. Those selected for 2027 are same as the previous year’s list of selection—Shinhan Financial Group, KB Financial Group, Hana Financial Group, Woori Financial Group, NH Financial Group, Shinhan Bank, Woori Bank, KB Bank, Hana Bank, and NH Bank.
The FSC identifies D-SIBs every year in accordance with the assessment criteria recommended by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS) and requires D-SIBs to set aside an additional common equity capital of 1.0 percent.
Since 2021, the FSC also identifies domestic systemically important financial institutions (D-SIFIs) pursuant to the Act on the Structural Improvement of the Financial Industry. Those selected as D-SIFIs are required to have their own recovery plans and the resolution plans prepared by the Korea Deposit Insurance Corporation (KDIC) approved by the FSC every year. The D-SIFIs selected for 2027 have been notified of the result and will be required to prepare and submit their own recovery plans to the Financial Supervisory Service (FSS) within three months from the day of being designated as D-SIFI.
Those identified as D-SIBs are required to set aside an additional common equity capital of 1.0 percent. However, since there is no change in the list of D-SIBs selected for 2027 from the previous year, there will be no actual increase in capital ratio required from them.
- Please refer to the attached PDF for details.
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