Republic of Korea
In: IMF Staff Country Reports v.Country Report No. 15/6
The financial stability assessment under the Financial Sector Assessment Program (FSAP) forKorea was carried out in close collaboration with the authorities. The assessment included top- down (TD) and bottom-up (BU) stress testing of Korea's commercial banks and certain non-bank depository institutions (NBDIs); and evaluation of the potential contagion across banks (stemming both from funding pressures and potential defaults). The FSAP team did not have access to confidential supervisory data for the stress tests and the contagion analyses.2 The practice of withholding information in the conte