South Korea's Financial Services Commission (FSC) has identified five banks and five bank holding companies as domestic systemically important banks (D-SIBs) and domestic systemically important financial institutions (D-SIFIs) for 2027. The list, which includes major groups like Shinhan, KB, Hana, Woori, and NH Financial Groups and their respective banks, remains unchanged from the previous year.
D-SIBs are required to set aside an additional 1.0% common equity capital. However, due to the unchanged list, there will be no actual increase in the capital ratio required from these institutions. D-SIFIs are also mandated to have their own recovery plans and resolution plans approved by the FSC annually.
South Korea's FSC Identifies 2027 Systemically Important Banks and Financial Institutions, List Unchanged
Source:韩国金融委员会FSC · Source Link
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