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은행부문의 시스템위험과 건전성 규제의 개선방향에 대한 연구(System risks in the banking sector and enhancement of financial regulation in Korea)

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Title 은행부문의 시스템위험과 건전성 규제의 개선방향에 대한 연구(System risks in the banking sector and enhancement of financial regulation in Korea)
Similar Titles
Material Type Reports
Author(Korean)

김영일

Publisher

세종:한국개발연구원

Date 2014-12
Series Title; No 정책연구시리즈 / 2014-16
ISBN 978-89-8063-929-8
Pages 81
Subject Country South Korea(Asia and Pacific)
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Economy < Others
Holding 한국개발연구원: KDI 국제정책대학원

Abstract

During the global financial crisis, the failures of large and complex financial institutions resulted in financial disruption and government funded bail-outs with huge burden on tax-payers. Large financial institutions tended to pursue more risks at lower borrowing costs against the expectation of government bail-outs in case of failure. The incentive misalignment underlying the excessive risk-takings of the systemically important financial institutions (SIFIs) may need to be corrected to end the Too-Big-To-Fail (TBTF) problem. Against this backdrop, international communities, the G-20 nations in particular have pushed for structural financial reforms, including measures to end the TBTF problem. Financial regulation frameworks in Korea may need to be reformed in accordance with the international regulatory frameworks for effective systemic risk management. This paper assesses and identifies the systemic importance of domestic banks in Korea and discusses policy measures for the management of systemic risks in the banking sector. (The rest omitted)