South Korea on target for Basel II

The South Korean Financial Supervisory Service (FSS) will begin screening banks’ Basel II programmes from June.

From June, the South Korean Financial Supervisory Service (FSS) will begin screening banks’ programmes to improve their capital supervision and reduce their underlying risks. Through the process, banks will be able to adjust to Basel II and rearrange their capital structures ahead of the full introduction of the new guidelines next year.

Since January, the FSS and the Korea Federation of Banks (KFB) have been holding joint workshops to help banks meet the stronger capital adequacy requirements

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