Republic of Korea Financial Sector Assessment Program : Detailed Assessment of Observance - IOSCO Objectives and Principles of Securities Regulation

An assessment of the level of implementation of the IOSCO Objectives and Principles of Securities Regulation (IOSCO Principles) was conducted in the Republic of Korea (Korea) from April 3 to 19, 2013 as part of the IMF-World Bank Financial Sector Assessment Program (FSAP). The assessment was made by Eija Holttinen, Monetary and Capital Markets Department, IMF, and Andrea Corcoran, an external expert working for the World Bank. The previous IOSCO assessment of Korea was conducted in 2001-02 before the first IOSCO Assessment Methodology had been developed. From the perspective of the IOSCO Principles, this is therefore effectively a first assessment. Hence, comparisons with the prior assessment are discouraged since the process has since been refined to promote consistency and has become progressively more rigorous. The assessment was based on: (i) a self-assessment and additional written responses prepared by the authorities; (ii) reviews of the relevant legislation and regulations; (iii) meetings with the management and staff of the FSC, SFC, FSS, Ministry of Strategy and Finance (MOSF), Bank of Korea (BOK), Seoul Central District Public Prosecutor s Office; and (iv) meetings with SROs and market participants, including the KRX, Korea Securities Depository (KSD), KOFIA, KICPA, Korean Chamber of Commerce and Industry, banks, securities companies, fund managers, issuers, credit rating agencies, audit firms and local lawyers specialized in securities markets law.

Bibliographic Details

Main Authors:	International Monetary Fund, World Bank
Format:	Financial Sector Assessment Program (FSAP) biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2014-09
Subjects:	ACCOUNTANT, ACCOUNTING, ACCOUNTING STANDARDS, ALTERNATIVE TRADING SYSTEM, ALTERNATIVE TRADING SYSTEMS, ASSET MANAGEMENT, AUDIT COMMITTEE, AUDIT STANDARDS, AUDITS, AUTHORIZATION REQUIREMENT, BANK BRANCHES, BANKING INSTITUTIONS, BANKRUPTCY, BOND, BOND BUSINESS, BOND TRADING, BONDS, BOOK VALUE, BROKER, BROKERAGE, BUSINESS INVESTMENT, CAPITAL MARKET, CAPITAL MARKETS, CAPITAL RATIO, CAPITAL REQUIREMENT, CAPITAL REQUIREMENTS, CENTRAL BANK, CENTRAL SECURITIES DEPOSITORY, CHECKS, CIVIL LAW, CLIENT ASSETS, CODE OF CONDUCT, COLLATERAL, COLLECTIVE INVESTMENT, COMMERCIAL LAW, COMPENSATION FUNDS, CONDUCT REQUIREMENTS, CONFIDENTIALITY, CONFLICTS OF INTEREST, CORPORATE GOVERNANCE, CREDIBILITY, CREDIT INFORMATION, CREDIT POLICIES, CREDIT RATING, CREDIT RATING AGENCIES, CREDIT RATING AGENCY, CREDIT UNIONS, CUSTODY, DEBT, DEFAULT RISK, DEFAULTS, DEPOSIT, DEPOSIT INSURANCE, DEPOSITOR, DEPOSITS, DERIVATIVES, DERIVATIVES MARKETS, DISCLOSURE REQUIREMENTS, DISPUTE RESOLUTION, ENFORCEMENT MECHANISMS, ENFORCEMENT POWERS, ENFORCEMENT PROCESS, EQUITIES, EQUITY SECURITIES, EXPOSURE, EXPOSURES, FAIR TRADE, FAIR VALUE, FINANCE CORPORATION, FINANCIAL CONTRACTS, FINANCIAL CRISIS, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKET PARTICIPANTS, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, FIXED INCOME, FIXED INCOME SECURITIES, FOREIGN EXCHANGE, FOREIGN INVESTORS, FRAUD, FUND ASSETS, FUND MANAGEMENT, FUND MANAGERS, FUTURES, FUTURES CONTRACT, FUTURES EXCHANGE, FUTURES MARKETS, HEDGE FUND, HEDGE FUND MANAGERS, HEDGE FUNDS, HOLDING, HOLDINGS, ILLIQUID SECURITIES, INCOME INSTRUMENTS, INDEPENDENT JUDICIARY, INDIRECT HOLDING SYSTEMS, INFORMATION SERVICE, INFORMATION SHARING, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INSIDER TRADING, INSURANCE COMPANIES, INSURANCE CORPORATION, INSURANCE PRODUCTS, INSURERS, INTERESTS OF INVESTORS, INTERNAL CONTROLS, INTERNATIONAL BEST PRACTICE, INTERNATIONAL COOPERATION, INTERNATIONAL FINANCE, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INVESTMENT MANAGEMENT, INVESTMENT STRATEGY, INVESTOR BASE, INVESTOR PROTECTION, ISSUANCE, JUDICIAL SYSTEM, JURISDICTION, LEGAL FRAMEWORK, LEGAL IMPEDIMENTS, MARKET CAPITALIZATION, MARKET DEVELOPMENTS, MARKET INFRASTRUCTURE, MARKET INFRASTRUCTURES, MARKET INTERMEDIARIES, MARKET INTERMEDIARY, MARKET PARTICIPANTS, MARKET PRACTICE, MARKET PRACTICES, MARKET STRUCTURE, MARKET SURVEILLANCE, MINIMUM CAPITAL REQUIREMENTS, MONETARY FUND, MONETARY POLICY, MONEY MARKET, MONOPOLY, MUTUAL SAVINGS, POLICY RESPONSES, PORTFOLIO, PORTFOLIO MANAGERS, POTENTIAL INVESTOR, PRICE LIMITS, PRIMARY MARKET, PRIVATE PLACEMENT, PRIVATE PLACEMENTS, PRIVATE SECTOR DEVELOPMENT, PUBLIC OFFERING, REAL ESTATE, REGISTRATION STATEMENT, REGISTRATION STATEMENTS, REGULATOR, REGULATORS, REGULATORY AUTHORITIES, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, REGULATORY REQUIREMENTS, REGULATORY STRUCTURE, REGULATORY SYSTEM, RESERVE, RESERVE REQUIREMENTS, RETAIL INVESTORS, RIGHTS OF SHAREHOLDERS, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, SAVINGS BANKS, SECONDARY MARKETS, SECURITIES, SECURITIES BROKERS, SECURITIES DEALERS, SECURITIES EXCHANGES, SECURITIES HOLDING, SECURITIES LAW, SECURITIES MARKET, SECURITIES MARKETS, SECURITIES REGULATION, SECURITIES REGULATOR, SELF-REGULATION, SETTLEMENT, SETTLEMENT SYSTEM, SETTLEMENT SYSTEMS, SHAREHOLDERS, STOCK EXCHANGE, STOCK MARKET, STOCK PRICE, STOCKS, SUPERVISION OF BANKS, SUPERVISORY AGENCIES, SUPERVISORY AUTHORITIES, SUPERVISORY AUTHORITY, SYSTEMIC RISK, SYSTEMIC RISKS, TRADES, TRADING, TRADING ACTIVITY, TRADING SYSTEM, TRADING SYSTEMS, TRADING VALUE, TRANSACTION, TRANSPARENCY, TRUSTEE, TRUSTEES, TURNOVER, VALUATION,
Online Access:	http://documents.worldbank.org/curated/en/2014/09/20375068/korea-republic-financial-sector-assessment-program-detailed-assessement-observance-iosco-objectives-principles-securities-regulation http://hdl.handle.net/10986/20580
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