Glossary 1

Preface 2

Executive summary 3

Response from Korea’s authorities 4

1 Assessment context 5

  1.1 Regulatory system 5

  1.2 Status of implementation of the leverage ratio framework 5

  1.3 Scope of the assessment 5

2 Assessment findings 6

  2.1 Assessment grades and summary of findings 6

  2.2 Detailed assessment findings 7

  2.3 Observations 7

Annexes 9

Annex 1 RCAP Assessment Team and Review Team 9

Annex 2 List of Basel standards and implementing regulations issued by Korea’s authorities 10

Annex 3 Materiality assessment  12

Annex 4 Rectifications made by Korea’s authorities 13

Annex 5 National discretions implemented by Korea’s authorities 14

Annex 6 Key leverage indicators of the banking system in Korea 15