Friday, March 31, 2017

Next month, the FSS in the banking industry, as long as the Joint Inspection



[Korea Selected financial newspaper reporters] to the Financial Supervisory Service and the Bank of Korea it entered a joint inspection of the Development Bank next month.

According to the Financial Supervisory Service and the financial sector as long as 31 days it is coming to an assessment on April 3 to 4 weeks Schedule Management Development Bank status. The banking industry under the inspection of the FSB and the Bank of Korea is only four years since 2013.

FSS periodically in the practice of the banknote management status evaluation conventional banks is two years, the national bank is back every three to four years.

The banking industry inspection FSS official said, "as long as the periodic dwaetgo also to check the time with the right quality, internal control systems of the assets or capital will be a key test subject.

In that being evaluated regularly goes to the Development Bank last year naetdaneun large losses this test has attracted attention.

Industrial Bank naemyeo a net loss of 3 trillion won by restructuring costs of shipbuilding and shipping insolvent last year recorded the largest deficit since the Asian financial crisis in 1998. Specific restructuring costs 3.5 trillion won Daewoo Marine Shipbuilding, Hanjin Shipping is a 900 billion won, STX family businesses both 5.6 trillion won, including 1.2 trillion won.

In particular, prospects rea recently treated to be made is determined by the additional support for the financial sector Shipbuilding & Marine Engineering In a perfect world than the main creditor banks and the largest shareholder of Industrial Bank Credit quality assessment has also been raised.

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