01726cas a2200241 a 4500 AALejournalIMF014403 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484399583 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Republic of Korea : Report on the Observance of Standards and Codes. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (73 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses key findings of the Report on the Observance of Standards and Codes for the Republic of Korea. Responsibilities, objectives, and powers related to banking supervision are clearly defined in the Republic of Korea. The legal framework currently in place reasonably provides the necessary powers to authorize the establishment of banks, conduct ongoing supervision, address compliance with laws and regulations, as well as undertake corrective actions to address safety and soundness concerns. Authorization processes are generally thorough but there is room to require formal approval for certain activities. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/127 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/127/002.2014.issue-127-en.xml IMF e-Library