• The Journal of Asian Finance, Economics and Business
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• 제6권1호
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• pp.83-89
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• 2019

The purpose of this paper is to examine how the social system of deposit insurance affected the financial market in Korea. Specifically, we want to know how much the risk-seeking behavior of financial institutions has increased or decreased. The most important feature of the deposit insurance system is to prevent the insolvency of financial institutions and to properly protect depositors. In recent studies, it has been argued that characteristics of deposit insurance bring moral hazard of financial institutions and that financial institutions make unreasonably risky investments. Therefore, in this study, we will first examine whether such previous research can be applied to the Korean financial market. Next, we will examine the appropriateness of the differential premium rate that is currently used for each financial institution in the Korean financial market. In order to test the first hypothesis, we used the Capital Asset Pricing Model (CAPM) to calculate the total risk for each financial institution. As a result, significant changes were found in all regions before and after the introduction of the deposit insurance system. As for testing the second hypothesis, we conducted a variance analysis of financial institutions' indexes before and after the introduction of the deposit insurance and we discovered significance of the total risk difference.

• 한국항만경제학회지
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• 제30권3호
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• pp.187-207
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• 2014

2008년말 글로벌금융위기 이후 해운선사는 선박투자를 위한 자금을 조달하지 못하는 어려움에 직면하게 되고 우리나라에서는 이를 해결하기 위한 방안으로 공적선박금융기관의 설립에 관한 논의가 진행되어 선박금융에 관한 관심이 매우 높아졌음에도 선박금융기관에 대한 연구가 미미한 상황이다. 본 연구는 소유구조와 경영성과간의 관계를 중심으로 선박금융기관의 특성을 파악하는데 중점을 두었다. 분석결과, 공공선박금융기관의 수익성이 민간선박금융기관의 수익성보다 높은 것을 확인하였으며, 안정성에서는 차이가 발생하지 않았다. 또한 글로벌 금융위기 전후의 성과를 분석한 결과는 공공선박금융기관은 글로벌 금융위기 전후의 성과에 차이가 발생하지 않았으나 민간선박금융기관은 성과의 차이가 발생하였다. 즉, 민간선박금융기관은 시황의 변화에 따라 경영활동의 결과가 큰 차이가 발생하나 공공금융기관은 급변하는 시황에서도 안정적인 경영활동을 수행한 것을 알 수 있다.

• 환경정책연구
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• 제3권1호
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• pp.1-29
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• 2004

The role of the financial institution to promote corporate sustainability may be reviewed in two angles, as a commercial lender and an investor. As a commercial lender, financial institutions should minimize the legal risks and the political risks. Financial institutions began to recognize environmental risks as legal risks that directly affect their lending practices since the legislation of the Comprehensive Environmental Response, Compensation, and Liability Act("Superfund") of the U.S.A. The so-called lender liability rule has a detailed guideline where the financial institutions may be exempted from the Superfund Liability. Similar attempts are noticed in the recent EU White Paper on Environmental Liability. In Korea, comprehensive environmental liability laws are yet to be developed. The Soil Environment Preservation Act now includes a far-reaching environmental liability provisions, where the owners and operators as well as receivers of the facility bear responsibility. However, whether the financial institutions may be captured as a potential responsible party is not very clear. Until the relevant legislation is developed and court decisions accumulate, Korean financial institutions are well advised to raise awareness on this issue, to develop environmental policies and to train personnels.

• KDI Journal of Economic Policy
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• 제46권1호
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• pp.21-51
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• 2024

Since the Global Financial Crisis of 2008-2009, the importance of nonbank financial institutions in macroprudential management has increased significantly. Consequently, major countries and international financial institutions have been actively discussing and implementing macroprudential supervision and regulation for non-bank financial institutions (NBFI). In this context, this paper analyzes the systemic risk of both banks and non-bank sectors (securities firms and insurance companies) in South Korea over different time periods. Using the widely recognized ΔCoVaR methodology for measuring systemic risk, the analysis reveals that systemic risk increased substantially across all three sectors (banks, securities firms, and insurance companies) during the Global Financial Crisis, the European Sovereign Debt Crisis, and the COVID-19 pandemic. Although the banking sector exhibited relatively high systemic risk compared to the securities and insurance sectors, the relative differences in systemic risk varied across the different crisis periods. Notably, during the margin call crisis in March of 2020, the gap in systemic risk between the banking and securities sectors decreased significantly compared to that during both the Global Financial Crisis and the European Sovereign Debt Crisis, indicating that securities firms had a more substantial impact on risk in the overall financial system during this period. Furthermore, I analyze the impact of the issuance of equity-linked securities (ELS) by financial institutions on systemic risk, as measured by ΔCoVaR, finding that an increase in the outstanding balance of ELS issuance by financial institutions had an impact on increasing ΔCoVaR during the three crisis periods. These findings underscore the growing importance of non-bank financial institutions in relation to South Korea's macroprudential management and supervision. To address this evolving landscape, enhanced monitoring and regulatory measures focusing on non-bank systemic risk are essential components of maintaining financial stability in the country.

• 정보보호학회논문지
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• 제28권3호
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• pp.743-763
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• 2018

클라우드 시스템 개념이 출현한지 10여년이 지났고, 비용의 효율성 및 보안성이 검증 되었음에도 불구하고, 금융 회사에서는 클라우드 시스템 도입을 주저하고 있다. 고객정보 유출과 관련한 금융당국의 강력한 규제가 주된 이유겠지만, 금융기관들의 클라우드 시스템 도입에 대한 방향성과 기준이 부재한 것도 중요한 이유라고 생각한다. 본 연구에서는 금융회사의 클라우드 시스템 도입에 대한 법적 제도적 제약사항을 살펴보고, 금융기관들이 IT시스템을 구축할 때 클라우드 시스템 적용 가능 여부와 클라우드 시스템 구성 형태를 결정하는 의사결정 모델을 제시하고자 한다. 본 연구가 많은 금융기관들의 클라우드 시스템 도입 방향성을 수립하는데 많은 도움이 되기를 희망한다.

• International Journal of Computer Science & Network Security
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• 제21권11호
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• pp.207-215
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• 2021

The aim of the article is to study the role of informal institutions in the development of the financial services market. The study outlines the concepts of scholars to identify the main types of informal institutions. The mechanism of research of influence of the informal factor on functioning of economic object is developed. The main types of informal institutions are systematized. The main informal institutions influencing the development of the financial services market are considered. The application of a synergetic approach to the consideration of the impact of the institution of trust on the financial services market is proposed.

• Asian Journal of Business Environment
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• 제10권1호
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• pp.37-43
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• 2020

Purpose: The purpose of this study was to examine the relationship between portfolio quality and financial sustainability of microfinance institutions in Kenya. Research Design, Data, and Methodology: The analysis was based on a panel dataset of 30 microfinance institutions for the period of 2010 to 2018. Data was obtained from the Microfinance information exchange (MIX) database, and it was analyzed through descriptive and inferential statistics with the aid of STATA. Based on the results of the Hausman test, the study adopted the fixed effect regression model to test the research hypothesis. Results: The study found that portfolio quality had a positive significant effect on financial sustainability of Microfinance institutions in Kenya (β= 0. 211; p-value < 0.05). For the control variables; firm age had a positive effect (β= 0.773; p-value <0.05), while firm size (β= -0. 749; p-value < 0.05) had a negative effect on financial sustainability. Conclusions: The study concluded that portfolio quality has an important influence on the financial sustainability of microfinance institution. The study recommends that managers of microfinance institutions should devise good collection policies to improve portfolio quality while lessening loan default rate. The portfolio quality may improve the overall profitability and enhance investor confidence in their strategic decision-making on refinancing.

• 지적과 국토정보
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• 제44권2호
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• pp.193-207
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• 2014

공공기관의 재정 집행의 문제점 및 평가지표 개선, 공공기관 통합관리 방안에 대한 연구를 통해 국가재정의 효율성을 증대시키는 것이 본 연구의 목적이다. 공공기관의 재정 운영상 5가지 문제점(평가지표 체계, 재정운영 통제기구, 민간 공공사업 구분관리, 공공재정 관련 법 제도, 정부 예산지원 관리)이 존재한다. 이러한 문제를 개선하기 위해서는 국회가 참여한 Control Tower(공공재정정책위원회)의 설치와 같은 다양한 의견을 제시한다.

• The Journal of Asian Finance, Economics and Business
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• 제8권11호
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• pp.97-106
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• 2021

The condition of financial services in Indonesia is unique, based on various characteristics, behaviors, and preferences. Therefore, the study of finance and banking is interesting to study as a recommendation for government policies. This paper aims to analyze the barriers to accessing formal financial services in Indonesia and why informal financial services are preferred. This paper presents a case study of financial inclusion in selected provinces in Indonesia using the SOFIA dataset from the Ministry of National Development Planning. Overall, this data consists of 20,000 individuals from 4 provinces and 93 regions representing the population in eastern Indonesia. The analysis was carried out by processing individual-level cross-sectional data surveyed in 2017 using the probit binary logistic method. The results identify the individual barriers in accessing formal financial services, including account ownership, saving, and credit activities in the formal financial institutions, and amplify the image by analyzing what determinants affect people to choose informal institutions. We found that some individual characteristics such as age, gender, education, income, employment status, residence, and access to technology significantly affect the barrier to formal financial services in East Indonesia.

• 정보보호학회논문지
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• 제27권3호
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• pp.653-671
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• 2017

현재 대부분의 금융기관이 정보보호인력 산정 시, 금융회사의 규모 및 정보보호업무 영역별 특성을 고려하지 않고, 일률적으로 전자금융감독규정에서 정한 총 IT 인력 수 대비 정보보호인력 비율(5%)만 준수하고 있다. 또한, 정보보호 인력이 여러 업무를 겸직함으로써 본연의 업무 소홀로 인한 리스크가 확대되고 있는 상황이다. 본 연구에서는 금융회사의 규모 및 각 정보보호업무의 특성을 고려한 필요 인력 수를 산정하여 체계적인 정보보호조직을 구성함으로써 금융 보안사고에 보다 효율적으로 대응할 수 있는 방안을 제시하고자 한다.