Waiting for guidance

South Korea's banks have made huge strides in implementing risk management systems over the past few years, but Basel II is not yet a driving force, with banks waiting for the Korean regulator to publish local guidelines.

When the International Monetary Fund (IMF) meted out its $57 billion rescue package to South Korea at the height of the Asian crisis in December 1997, one of the many conditions laid out to the country’s government was the need for effective risk management within the banking sector. More than five years on, there’s little doubt that South Korea’s banks have made giant strides in implementing risk measurement and management systems. Non-performing loans for corporate borrowers have

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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