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Hyoungsik Noh

Research Fellow, Korea Institute of Finance

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EU-Korea Economic Exchange

EU-Korea Economic Exchange

Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and the scope for internationalisation of the financial services industry’

By: Zsolt Darvas, Chung-Han Kim, Shahin Vallée, Nicolas Véron, Haesik Park, Georg Zachmann, Jeong Ho Suh, Jean Pisani-Ferry, Christopher Byungho Suh, Reinhilde Veugelers, Hyoungsik Noh, Sungwook Park, Jabonn Kim, Mansoo Jee, Marco Antonielli and Mario Mariniello Topic: Global Economics & Governance Date: April 22, 2013
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Blog Post

Lessons from the launch of the US Consumer Financial Protection Bureau

The US government established the Consumer Financial Protection Bureau (CFPB) in 2011 as an independent agency accountable to Congress. Despite political pressures, the CFPB has taken various initiatives to enhance consumer protection in financial services. The case is a useful guide to the Korean government in terms of setting optimal level of roles and obligations in establishing an equivalent institution, while reducing uncertainty for financial firms by providing timely information on regulatory changes.

By: Hyoungsik Noh Topic: Global Economics & Governance Date: December 12, 2012