Monday, February 20, 2017

Union Bank Chairman hayounggu "Internet bank bill should be treated promptly."



[Korea financial newspaper choice is a reporter] 'it is necessary that immediate treatment of an Internet professional legislation the Bank is in order to serve as faithful pending before the National Assembly for bank owned deregulation of industrial capital' hayounggu Korea Federation of Banks chapters 20 days and he said.

Wednesday morning in an open press conference in Seoul Bank Center hayounggu President hayounggu Bankers Association chapter 'Internet specialized bank in the first place seems to be a lame starting very deplorable "in said" market the Internet specialized bank emerged as the banking industry, as well as the entire financial industry the catalyst of efficiency and innovation are now looking forward to the role of catfish to provide quality financial services to the financial services underprivileged "he said.

Last month, the country's first specialized Internet bank, K KFB bank Bank 25 years and joined regular staff. Another cacao Korea Federation of Banks Bank will join the regular staff.

In the current banking law Bank holds stakes in non-financial Business Operator (industrial capital) is limited to 4% of the voting rights criteria.

Hayounggu President emphasized that "this is desperately needed financial relief of the separation Eunsan manyirado only in Internet banking professional as soon as possible to switch to a financial services model for the industrial society the fourth.

Some concerns were also mentioned in the dust solidification of industrial capital raised. Hayounggu President 'should not undermine the basic spirit of course, banks are trying to stop that solidified conglomerate or a large corporation that is shard of industrial capital is Eunsan separation' said 'This dust solidified concerns can be sufficiently prevented through other institutional safeguards' he said.

'Safe' Additional hayounggu chairman of the query presented a 'major shareholder or shareholder related parties credit facilities prohibition, tie a certain percentage of the company or person' 'to thoroughly specifying the shareholder eligibility requirements.

Hayounggu president "hopes to write the role of catfish to market on the Internet specialized bank banking industry, as well as being a catalyst for the banking industry overall efficiency and innovation provide quality financial services even Financial Services disadvantaged" he said .

Also note gyeomeop transition was also highlighted. Hayounggu president "has long been the underlying cause to believe that a full-time attention to the positive regulatory framework and our financial system in okjoego 'said' in the full-time attention to gyeomeop note, there is a need for a fundamental change from positive to negative regulatory control," he said.

Hayounggu President so go to the European universal banking to move to the "diversification or expansion of the banking area through at least US gyeomeop attention, namely diversification and demolished operating as a single company, the barriers of all subsidiaries within the financial holding company framework of the holding company system the need to replace 'he said.

Financial authorities Trust Business Act enacted relevant seafood hayounggu president is being promoted is "banking, securities, insurance rights is the thing that regulates such shared trust services to capital markets law independent Trust Business Act does not fit in well undermine the trust business development as the regulatory framework it is so natural to create 'said' unspecified money in trust or fiduciary property set operation is also preferably included in the subject discussed, he said.

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