Basel Committee finds Korea compliant with its Net Stable Funding Ratio standard and largely compliant with its large exposures framework
Basel Committee publishes assessment reports on the implementation of
its global standards in Korea. Assessments find Korean regulations
respectively compliant and largely compliant with the Basel
Committee's Net Stable Funding Ratio standard and large exposures
framework. These publications form part of the Committee's Regulatory
Consistency Assessment Programme.
Today the Basel Committee
on Banking Supervision published assessment reports on the
implementation in Korea of the Net Stable Funding Ratio and the large
exposures framework. Korea's implementation of the Net Stable Funding
Ratio was assessed as compliant with the global standard set by the
Basel Committee, which is the highest overall grade. The
implementation of the large exposures framework in Korea was assessed
as largely compliant, which is one notch below the highest overall
grade. (NSFR, LEX).
The Basel Committee's assessment reports
form part of its Regulatory Consistency Assessment Programme (RCAP), a
series of reports on the implementation of Basel standards by member
jurisdictions of the Basel Committee.