FINANCIAL INSTITUTION RISK MANAGEMENT BEST PRACTICES IN KOREA, REPUBLIC OF
Korean Banks Face Regulatory Constraints and Public Distrust Amid Industry Transformation
The Korean banking industry is under intense scrutiny following a series of high-profile regulatory lapses by major banks. In response to these issues, the Bank of Korea is implementing capital buffer requirements that will significantly impact banks’ growth and profitability in the coming year.
Key Issues Facing the Korean Banking Industry
- Unprecedented numbers of disciplinary actions against bank officials
- Regulatory lapses and public distrust
- Capital buffer requirements from the Bank of Korea
The Asian Banker’s Korea Risk Dialogue: A Platform for Discussion and Collaboration
To address these pressing issues, The Asian Banker’s Korea Risk Dialogue is hosting a half-day forum for key players in Korea’s banking industry to discuss risk management best practices and share insights on navigating the changing regulatory landscape. The event brings together:
- Chief Risk Officers (CROs)
- Risk managers
- IT heads
- Regulators
- International best practice leaders
Forum Sessions: A Comprehensive Review of Risk Management Strategies
The Korea Risk Dialogue will focus on six key sessions, covering a range of topics including:
- Regulatory Priorities and Banking Trends for Korea in 2014-2015
- Overview of regulatory changes and their impact on the banking industry
- Recent Developments in US Financial Crime Enforcement and Implications for Asia
- Update on US financial crime enforcement and its implications for Asian banks
- Assessing Korean Priorities in Market Risks and the Trading Book
- Review of market risks and trading book management strategies
- Approaches to Liquidity Management and Balance Sheet Optimisation
- Best practices for liquidity management and balance sheet optimization
- A new OTC landscape: Challenges and Prospects
- Overview of the changing OTC landscape and its implications for banks
- Basel III and the Operational Risk Transformation
- Update on Basel III implementation and operational risk management strategies
Conclusion
The Korea Risk Dialogue is a critical platform for decision makers to discuss and form a composite view of possible solutions to the pressing issues facing the Korean banking industry. The event also provides an opportunity for partner organizations to interact with key players who are at the forefront of developing enterprise-level risk infrastructure for Korean banks.
Mark your calendar: The Korea Risk Dialogue is scheduled to take place on [date] in Seoul, Republic of Korea. The Asian Banker App is now available for download on your smartphone to keep up-to-date with the latest news and updates from the event.