[South Korea's Choice Financial newspaper reporter] imjongryong finance chairman received a plaque of appreciation from our bank employees in January this year. We will turn the merits that led to the privatization of Bank imjongryong chairman. Especially this day attracted ensure non-face-to-face blindness opened 1 year anniversary celebrations. This is where imjongryong chairman has demonstrated the non-face-to-face account opening using a smartphone. Since our banks to return to the bosom of the market 16 years, the last two years of performance expected of a pin that combines financial and information communication technology (ICT) Technology (Fin-Tech) until, imjongryong Finance Chairman Shem is contained in one picture.
Last March 2015, took office as Chairman of the Finance Chairman imjongryong celebrates the second anniversary inaugurated next month. Chairman imjongryong ran busily hanging out financial reforms catch phrase. Expect a "catfish effect" on the banks and conventional banks specializing in internet promotion is scheduled for launch this year both places. The push mobile service account in three steps even planted a 'tension' in the financial sector.
Top moneylender interest rates, financial companies dominated the syntax enforce such laws himsseun maintenance viscosity noticeable. Just adjust the additional measures, despite greatly swollen household debt problems and structural process of shipbuilding and shipping industry was also raised such controversy.
◇ in the 'coach' judgment 'transforming ... Induction pin Tech Services
A term of three years 'imjongryong call' the middle of the dalryeoon is not an exaggeration to say he walked vital to financial reforms. Imjongryong finance chairman cited improving financial supervision, technology, finance, pins tech key challenges such as financial reform.
26 days, the Financial Services Commission in 2017 detailed work plans "According to the data, the end of last year, 37 financial institutions have provided the non-face-to-face blindness ensure conditions for services 734 000, online account opening. House can be easily transported account totaled 11 020 million in two months a year to move the service account to facilitate the inter-bank competition.
Easy payment dwaetgo new pin-tech services such as the launch (36 species), and express remittance (12 species), made with crowdfunding entrepreneurship, SME financing passages succeeded in 110 companies raise 17.4 billion won. It was also conducted junggeumri credit for "my house three sets of pensions', 'blind spot' demand for retirement earlier. Top court moneylender interest rates (34.9% → 27.9%) is also regarded as a major policy achievements. Financial Services Commission explained that "up to 330 million interest burden of about 700 billion won was relief." "Sonan of banks' internet banking professional is also available 24 hours before the start of the provisional sales in the first half of this year.
In particular, reform of the financial regulatory authorities can be considered as reflective effort. Financial Services Commission has carried out a reform inspection and sanctions as 'judge' in the 'coach' from last April 2015. Test to detect a consulting haneundeseo wigyu, was also sanctioned individuals rather than institutions to promote the reform and financial sanctions. First half 2015 level of 525 cases of direct financial company employees that sanctions were reduced by 60% to 213 cases a year. Jeomgeomban operations have enabled site, also increased the utilization yumyeongmusil opinion that non-action (if no action letter, applicable regulations unclear when utilizing the new service sales exemption until clear).
◇ Measures subsequent surge in household debt ... Yen restructuring 'principles' highlighted
Imjongryong finance chairman last year in the open end of the financial year-end committee meeting allowed journalists "in 2016 seems to leave a lot of memories in public life," he said. Can be interpreted as a summary of the year was Breck sheets (European Union to leave the United Kingdom), Donald Trump elected President of the United States, including foreign Dasa issues raised in the various allegations surfaced as "national crisis nongdan 'uncertainty from Danang.
Particularly with regard adjustment of household debt, shipbuilding and shipping industry structure has a small meeting notgido off. Imjongryong chairman in the meeting, "pointed out that restructuring is still getting failing grades, but was difficult and painful process that you want to keep the principle is still ongoing," he said. But imjongryong chairman seemed conscious of a critical perspective on Hanjin court has also stated he "tried to restructuring were insufficient viscosity to be consistent with its own broader perspective beyond the financial logic".
Also it revealed concerns about the household debt. Financial Services Commission has implemented the 'credit assessment guidelines' for the mortgage banks, starting with February last year, aiming to "divide repay borrowed from the beginning to pay off as much as you can" settle credit practices. Until July of the same year eopgwon insurance guidelines were expanded further. But I did not like frequent household debt growth rate around the loan group in the pre-sale market boom. Imjongryong chairman at the meeting jipeot called "measures of household debt is constantly worried and one subject experienced difficulties."
The financial authorities decided to apply the 'hard-nosed' assessment for the balance loan starting in January of this year. Starting in March, is also coming second target mutual credit banks, community credit cooperatives, etc. Financial authorities without slowing down your guard is about to move on to the so-called non-banking not getting loans from banks 'balloon effect'. All 1 DSR (total debt repayment ratio) looking into the ability to repay all loans during the quarter, plans to establish a roadmap utilized credit assessment.
◇ risk of deep, narrow ... 2017 'financial stability' sold out
Crevasse (crevasse). It refers to a deep, narrow cracks suddenly appear in the Antarctic glaciers. Imjongryong Finance Chair "There are exposed to several risks are difficult to predict, like crevasses, Korea Financial Industry Year" in the "years of pan-financial New Year's society by 2017 'the beginning of the year financial rights by associations organized and diagnose" and thorough risk management I will closely, "he said.
Financial Services Commission cited the "financial stability" as a top priority this year's work plan of 12 initiatives. Stress tests are also plans to check to see the impact absorption capacity such as more stringent standards for capital adequacy, asset quality and liquidity at all times conducted enemies.
Manage foreign currency liquidity coverage ratio (LCR) regulations for banks in force since this year, and the Basel Ⅲ, IFRS4 2 also sets out steps such as introduction of maintenance in accordance with the global introduction of prudential regulation.
Kkoehanda limit changes under consistent principles about the corporate restructuring. "Rigorous evaluation and self-help efforts, rapid implementation" of the three tracks in accordance with the three principles, but propelled by the (sensitive game, constantly in-glut), strengthening the Court and cooperation in the wake of regenerative Court launched and adjust civil structures specialized company (Breast nose) capabilities also decided to activate.
Junggeumri also expand the market of the various channels. Financial Services Commission is also embark Policy "Eunsan separation '(hold shares of Industrial Bank capital requirements) mitigate related legislation seafood active legislative support for the Internet specialized bank. Another financial crisis is a financial holding company act without releasing the reins to strengthen trust business restructuring and financial reform, etc. will also lay the foundation to build trust accounting capital market reform.
Jeongyunyeon first open financial development council imjongryong finance chairman in the meeting "in order to successfully complete the financial reforms should promote a balance of already excavated tasks and new challenges unearthed" and "existing reforms to regular financial reform system of financial development council center It said it would pursue them so fast-paced challenges. "
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