Bank branches, workforce reduction ... FSS, financial crash bounds Order

[Korea Selected financial newspaper reporters] Financial Supervisory Service announced on the 12th that banks hold a workshop to strengthen the banking compliance officers and internal audit department manager in charge of internal control target function.

The workshop was the year the banking sector soundness, compliance testing operations described direction and focus checks, internal controls, including operational status.

FSS will focus on examining the one hand legally binding act of utilizing the superior position of the banks this year, the so-called 'beat' prevention. Also to prevent recurrence of internal control were mentioned such as Ganghwa to prevent bank loan to buy the basic work-related.

In particular, the FSS has highlighted the 'prevent financial accidents caused by weakened internal control occurs in the branch, downsizing the course of a recent bank will need to strengthen its own accident prevention activities.

For this year, health checks and regular monitoring of progress in connection with the risk-based inspection and testing consulting approach.

Status management also focuses checks and evaluation, internal capital adequacy assessment management system of the bank was guiding.

FSS urged that "to increase the effectiveness of the deliberative process associated with providing the property interests 'saying' dont strengthen its internal controls in order to prevent excessive competition or tort.

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