Auditors, Financial Services Commission pointed out ... "Regulatory Reform and inflate earnings."

[Korea goyounghun financial newspaper reporter] revealed that the financial regulation of the financial authorities is being promoted as one of the four major reforms of government reform and the exaggerated than it actually is.

The Board of Audit and Inspection announced the results of checking the financial regulatory reform status targeted at three days from November to December last year, the Financial Services Commission and the Financial Supervisory Service.

According to FSC auditor he was selected in the last 208 years, 2014 cases, 211 cases in 2015 Regulatory Reform project. However, the audit results did not challenge the 2014 deregulation of the 32 cases (15.5%), 105 cases of assignments in 2015 (49.8%) finish.

Besides already it proved a new challenge 11 cases improvement work in progress, in fact chosen as duplicates reforms.

Auditors side, but the completion of the financial crisis, eliminate regulatory arbitrage between real estate funds and REITs (REITs) 'relevant regulatory reforms in the last 12 May 2014, it announced improvement projects selected back in 2015.

In addition, the Board of Audit and Inspection Act, was bagged and performance improvements dwaetdago complete the regulatory reform agenda is not revised job is complete.

Financial crisis but said it has completed the 184 recommendations of the last 208 regulatory reforms in 2014, the actual improvement projects completed were only 142 cases (68.9%). In 2015, but it said that the reform of the 119 cases out of 211 cases tasks, completed tasks actually improve a mere 97 cases (45.9%).

FSS was also haeohda operate a system that can not put a legal basis to return or withdraw your agreement to report the company's financial auditors caught in time.

FSS was noted that this re-examination began from that time when you re-accept the terms of a finance company specializing in loans, longer treatment period leading to disruption in financial services.

The financial crisis is about. "There were some errors counted while counting to implementing performance" through the day, he said clarification materials.

Following "2015 financial regulatory reforms hayeotgeona total of 211 cases of unfulfilled task 105 dryness submit a bill already in Parliament (35 cases), mostly in situations prepare the current regulations (44 cases) or a further review of the (26 cases) and work, "said" progress performance data was not intended to inflate earnings to foreign government announced that the aggregated internal management purposes, through the Secretary of Coordination, "he explained. He added that the error is corrected immediately.



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