Korea experienced significant financial distress in the late 1990s along with some of its Asian neighbors. The authorities' experience in handling this crisis and the experience in handling the fallout from the global financial crisis in 2007�08 helped them establish a broad crisis management...

The financial stability assessment under the Financial Sector Assessment Program (FSAP) for Korea 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...