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Korean Bank Regulation and Supervision : Crisis and Reform :  Crisis and Reform - Young Shim

Korean Bank Regulation and Supervision : Crisis and Reform

Crisis and Reform

Hardcover Published: March 2000
ISBN: 9789041197788
Number Of Pages: 240

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This work identifies the continuing structural weaknesses of the Korean banking system, which were thrown into sharp relief by the 1997 financial crisis, and focuses on the need for reform in order to achieve financial stability. The study centres around three central questions: Who should be the regulator? What substantive standards of supervision should be applied? Administratively, in what manner should these standards be applied?The book argues that the Korean banking system, characterised as a 'governmental control system' for credit allocation, should be removed from undue governmental and political interference, thus allowing the involvement of banks in commercially oriented practices without exposure to the significant risks incurred by governmental policy directed lending. The author calls for a high degree of transparency and accountability, for a clear, realistic timetable for restructuring, and for an effective exit policy for troubled commercial banks.This book will be of value to practitioners, researchers and academics working in the field of banking law, particularly those with a special interest in the Asia-Pacific region.

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Foreword
The Korean Banking Systemp. 1
Institutional Structure of the Commercial Banking Regulator and Supervisorp. 35
Prudential Standards, Monitoring and Enforcement of Korean Banking Regulation and Supervisionp. 91
Korean Financial Crisisp. 141
Concluding Observations and Recommendations for the Reform of Korean Banking Regulation and Supervisionp. 179
Bibliographyp. 189
Indexp. 219
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9789041197788
ISBN-10: 9041197788
Series: International Banking, Finance and Economic Law Series Set
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 240
Published: March 2000
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 1.42
Weight (kg): 0.51

Earn 564 Qantas Points
on this Book