AiCoin|Jul 16, 2026 02:39
[The South Korean Financial Services Commission Approves Crisis Management Plans for Five Major Financial Groups, Incorporating Digital Bank Run Risk Management]
According to EToday, the South Korean Financial Services Commission has approved the 2026 recovery and resolution plans for the five major financial groups—Shinhan, KB, Hana, Woori, and NongHyup—and their 10 affiliated financial institutions. The plans incorporate risks related to cyberattacks and digital bank runs into the crisis management systems of large financial institutions. Additionally, financial institutions are required to improve monitoring indicators, strengthen cybersecurity response mechanisms, and consider scenarios involving simultaneous asset sell-offs by multiple institutions in their contingency plans.
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