Many of these institutions no longer exist and if they do, not in a form they would have recognised prior to the GFC. The irony is that despite its lack of strength in the decades building up to the GFC and its ultimate failure, risk management remains absolutely critical to the success of institutions.
Dear members of the Bank of Korea, This year our economy is expected to maintain its modest growth,  thanks  to  the  strengthening  somewhat  of  the  global  economic recovery.