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EXECUTIVE SUMMARY Korea has a well-developed payment, clearing, and settlement infrastructures. BOK-WIRE+ is the real-time interbank gross payment and settlement system, and the backbone of the infrastructure where the final payments of various markets are settled. It is operated by the Bank of Korea (BOK). The Korea Exchange (KRX) is the main player in the securities and derivatives market, operating three exchanges and offering clearing and settlement services for all securities and derivatives traded on the KRX. While the authorities have decided to establish a central counterparty (CCP) for over-the-counter (OTC) derivatives at a future date, discussions are ongoing on the desirability of transforming the current trade reporting systems into full-fledged trade repositories (TRs). The planned CCP for OTC derivatives should ensure full compliance with the Principles for Financial Market Infrastructures (PFMI) before being launched, taking into account lessons learned from the assessment of the CCP for exchange-traded products. BOK-Wire+ is largely compliant with the PFMI, and is overall sound. It is subject to comprehensive and transparent risk management frameworks comprising clear policies and guidelines, governance arrangements, and operational systems including regularly tested default and business continuity procedures. All transactions once settled in BOK-Wire+ are deemed final and irrevocable, as well as bankruptcy remote. There is room for improvement in certain areas to enhance the level of compliance of the BOK-Wire+ with the PFMI. It is recommended that the operator of BOK-Wire+ improves the collateral risk management framework by adopting regular testing of haircuts and an independent validation of haircut procedures at least annually. The BOK should provide more clarity in the regulations regarding settlement finality and queue management, particularly with regard to revocation of queued transactions. It should also fully implement the disclosure framework, including disclosure of relevant rules and regulations in English. Finally, BOK’s oversight powers should be strengthened, to include linked financial market infrastructures (FMIs) and participants, particularly to obtain authentic information and enforce compliance.

Banks and banking -- State supervision -- Korea. --- International Monetary Fund -- Korea. --- Korea -- Economic conditions. --- Korea, Republic of

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Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large cooperatives. Although Italian banks have recently made progress in improving their corporate governance, more needs to be done. In this regard, further improvements should include: (i) strengthening further the existing banking regulations through stricter fit-and-proper rules for directors and controlling shareholders; (ii) implementing the new related party lending regulation with tightened definitions; (iii) strengthening oversight of foundations when they are the controlling shareholders in banks; and (iv) facilitating the transformation of large cooperatives into joint stock companies.

Banks and banking -- Italy. --- Banks and banking -- State supervision -- Italy. --- Corporate governance -- Italy. --- Italy

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This paper discusses key findings of the Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision (BCPs) on Denmark. Denmark has a high level of compliance with the BCPs. The Danish Financial Supervisory Authority has appropriate legal authority to carry out supervision effectively, and its risk-based approach has focused well on the key elements of risk within its banking system. The compliance with the credit-risk related principles is uniformly high and the provisioning policies have been adequately enhanced. Its overall supervision is also considered sound, although resource constraints result in an extended supervision cycle and some risk areas receiving insufficient attention.

Banks and banking -- State supervision -- Denmark. --- Economic development. --- Finance -- Denmark. --- International finance. --- International Monetary Fund -- Denmark. --- International Monetary Fund. --- Denmark

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"The financial crisis struck with full force in the Autumn of 2008. Very soon after the start of the crisis, culprits were sought. An important recurring argument was that liberalization of trade in banking services, as pursued at the European (within the EU) and international level (in the WTO), had seriously reduced the possibilities for governments to regulate and supervise the banking sector. This book examines the validity of this claim and considers how EU law and WTO law deal with the trade-off any policy- maker must make between stability and efficiency in the market for banking services"--

Foreign trade policy --- Private finance --- Commercial law. Economic law (general) --- European Union --- Banks and banking, International --- Banks and banking --- Banking law --- Law and legislation --- State supervision --- Banks and banking, International. --- Banking law. --- Law, Banking --- Financial institutions --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Money --- International banking --- Offshore banking (Finance) --- Transnational banking --- Financial institutions, International --- International finance --- Law and legislation. --- State supervision. --- Banks and banking, International - Europe --- Banks and banking, International - Law and legislation --- Banks and banking, International - Law and legislation - Europe --- Banks and banking - State supervision --- Banks and banking - State supervision - Europe --- Banking law - Europe

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Private finance --- Financial law --- United States --- Bankrecht --- Droit bancaire --- Banking law. --- 336.711.6 --- Banktoezicht. Bankrevisoraat. Disconto. Discontopolitiek. Dekkingsvoorschriften. Bankbiljettencirculatie. Reservefondsvorming --- 336.711.6 Banktoezicht. Bankrevisoraat. Disconto. Discontopolitiek. Dekkingsvoorschriften. Bankbiljettencirculatie. Reservefondsvorming --- 332.10973 --- 333.100 --- 333.139.2 --- 333.78 --- 347.734 --- AA / International- internationaal --- 336.71 --- Banking law --- Banks and banking --- Financial services industry --- Law, Banking --- Financial institutions --- 336.71 Bankwezen --- Bankwezen --- Services, Financial --- Service industries --- Algemeenheden. Theorie en principes van de bankorganisatie en -techniek --- Bankcontrole en -reglementering. Reglementering van het bankberoep --- Kredietcontrole. Credit crunch --- Bank- en spaarinstellingen (recht) --- State supervision --- Law and legislation --- State supervision. --- Banks and banking - United States - State supervision. --- Financial services industry - State supervision. --- Financial services industry - United States - State supervision. --- Services financiers --- Banques --- Ratio de solvabilité. --- Contrôle de l'État. --- Droit. --- Banks and banking - State supervision --- Banks and banking - State supervision - United States --- Banking law - United States --- Financial services industry - State supervision - United States --- Financial services industry - State supervision --- United States of America