Wednesday, April 12, 2017

Financial Supervisory Service (FSS) after evaluation Hyundai Business Conditions



[Korea gimmingyeong financial newspaper reporter] Financial Supervisory Service started to Hyundai Marine Management Status Assessment (RAAS) since early this month. Grab the periodic inspection once every two or three years.

According to the latest financial Financial Supervisory Service are investigating about the management situation of Hyundai and risk management.

The business situation assessment is to look intensively at about seven items, etc. will be held until the end of the month management △, △ insurance risk, △ interest rate risk, △ liquidity, △ capital adequacy, △ profitability.

In particular, the Financial Supervisory Service raised the △ Scoring of risk management topics this year from 15 points to 20 points. Risk management is a topic for assessing whether such a qualitative insurers effort and executives pay much emphasis on consumer protection risk management.

△ The Insurance Risk Scoring is also a plan to more thoroughly check points higher than the previous May. Insurance risk checks insurer through a step-by-step process, such as insurance product development and sales, contract acquisition, insurance payments.

FSS 'to see the overall business situation than the audit of the specific portion identified by the actual risks to'll Management states that "saying' content is a lot to explore when the test period may be increased 'he said.

RBC (solvency) ratio of Hyundai is finally passed the 150% state financial authorities gwongochi the end of last year 158.3%. The Hyundai has issued subordinated bonds of the second quarter, but year outlook embark on a scale recapitalization reportedly not yet been confirmed.



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