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@article{ART001154853},
author={전선애},
title={Prompt Corrective Action in Korea},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2006},
volume={15},
number={1},
pages={73-104}

TY - JOUR
AU - 전선애
TI - Prompt Corrective Action in Korea
JO - Journal of Regulation Studies
PY - 2006
VL - 15
IS - 1
PB - 한국규제학회
SP - 73
EP - 104
SN - 1738-7132
AB - Prompt Corrective Action(PCA) in Korea is introduced as a way of prudent regulatory measure. For the effective implementation of PCA, current three step wise corrective action system could be modified into four step wise system where the preventive corrective measures are more emphasized in the early stage of insolvency. Implementation of regulatory forbearance in the last stages of insolvency should be limited under the restricted condition. Measures which minimize the resolution costs also help to reduce the incentive of forbearance by regulatory body. Due diligence conducted by Korea Deposit Insurance Cooperation before the closure of the financial institution could facilitate the resolution process in more cost efficient way and enable the prompt reimbursement, which contribute to the minimization of resolution costs. Considering the limitation of BIS capital ratio in manifesting the true risk condition of financial institutions, other measures of capital ratios and market index could be utilized.
KW - prompt corrective action;regulatory forbearance;failure of financial institution;BIS capital ratio;prudent regulation
DO -
UR -
ER -

전선애. (2006). Prompt Corrective Action in Korea. Journal of Regulation Studies, 15(1), 73-104.

전선애. 2006, "Prompt Corrective Action in Korea", Journal of Regulation Studies, vol.15, no.1 pp.73-104.

전선애 "Prompt Corrective Action in Korea" Journal of Regulation Studies 15.1 pp.73-104 (2006) : 73.

전선애. Prompt Corrective Action in Korea. 2006; 15(1), 73-104.

전선애. "Prompt Corrective Action in Korea" Journal of Regulation Studies 15, no.1 (2006) : 73-104.

전선애. Prompt Corrective Action in Korea. Journal of Regulation Studies, 15(1), 73-104.

전선애. Prompt Corrective Action in Korea. Journal of Regulation Studies. 2006; 15(1) 73-104.

전선애. Prompt Corrective Action in Korea. 2006; 15(1), 73-104.

전선애. "Prompt Corrective Action in Korea" Journal of Regulation Studies 15, no.1 (2006) : 73-104.