상호저축은행 적기시정조치 제도의 효과 분석 및 시사점

Abstract

It has been several pointed out that the Prompt Corrective Action System of Financial Authorities contributes to minimizing the cost of insolvency of Mutual Savings Banks in Korea, while the delay measure of Prompt Corrective Action undermines the cost-minimizing function of Prompt Corrective Action. This study collected data such as quarterly capital adequacy indicators and data on the amount of support and recovery resulting from 134 Mutual Savings Banks from 2003 to the second quarter of 2018 and verified the effects of correlations and variables through multiple regression analyses. As a result of empirical analysis, this study found that the more time a mutual savings bank continue, the more money it spends after it’s closure, and the better the BIS CAR, the more money it takes back after closing. This study identified a tendency for the BIS CAR to decrease and NPL to increase as the number of times for the Prompt Corrective Action requirements are met in all Mutual Savings Banks. Therefore, this study partly confirmed concerns that the delay of Prompt Corrective Action might increase the burden of national finance. This study suggested that the cumulative frequency of meeting requirements of Prompt Corrective Action and continuing duration of Mutual Savings Bank should be used by the Financial Authorities in determining the likelihood of recovering soundness and the extent of financial support in determining whether the delay of Prompt Corrective Action should be postponed.