The Single Resolution Board (SRB) and South Korean’s Deposit Insurance Corporation (KDIC) have signed this week a cooperation arrangement, holding a virtual signing ceremony to facilitate closer cooperation and learning on resolution planning.
The Single Resolution Board and the Korean Deposit Insurance Corporation (KDIC) have concluded a Cooperation Arrangement.
Bilateral cooperation arrangements between resolution authorities are an important ingredient for building resolvability. With this agreement, the KDIC and the SRB confirm their commitment to strengthening resolvability by enhancing communication and international cooperation, and to work together towards the highest standards for resolution planning. The goal is to foster the development of resolution planning capabilities, with the shared aim of supporting financial stability in South Korea and the European Union.
Find out more about the SRB’s international cooperation agreements here
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