FSC Issues Updates on D-SIBs and Credit Risk Framework Implementation

FSC Korea published a notification about the list of domestic systemically important banks, or D-SIBs, for 2021. It also announced that fifteen banks and eight bank holding companies will begin to gradually implement Basel III credit risk framework from the end of June 2020. Additionally, Standard Chartered Korea, Kakao Bank, and K Bank will begin to implement Basel III credit risk framework beginning in January 2023. Domestic banks and bank holding companies were asked to notify the authorities, by the end of May, about their preferred date to begin the implementation. The early implementation of Basel III credit risk framework is expected to boost the capital adequacy ratio of domestic banks and bank holding companies.

María Cañamero

Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson

Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Patrycja Oleksza

Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area

View Related Experts