[현장에서] “The traffic police cannot be held responsible for traffic violations.”

Without reflection of poor managers in the fund crisis
Announcement of the introduction of the’financial company executive responsibility system’
Industry “Excessive regulation, shrinks business”

– The Financial Supervisory Service, who removed his foot from the private equity responsibility theory, took out the’blade’ of sanctions. The financial company that sold the Lime Optimus Fund has decided or announced severe disciplinary action for lack of internal control. When the Lime Fund was sold, Woori Financial Group Chairman Son Tae-seung, who was the head of Woori Bank, was suspended from his job, and Jin Ok-dong, the head of Shinhan Bank, was notified of a censure warning.

After going through the Sanctions Deliberation Committee in November of last year, the Financial Supervisory Service decided to suspend duties for former KB Securities CEO Yoon Gyeong-eun, former Shinhan Financial Investment CEO Kim Hyung-jin, and former Daishin Securities CEO Na Jae-cheol (currently the President of the Financial Investment Association), and to disciplinary disciplinary action against KB Securities CEO Park Jung-rim. . Sanctions against them are finalized after deliberation and resolution by the Financial Services Commission.

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Financial Supervisory Commissioner Yoon Seok-heon answers inquiries at the general meeting of the National Assembly Political Affairs Committee on the 17th. [연합뉴스]

– The Financial Supervisory Service also announced the introduction of a’financial company executive responsibility system’. For example, selecting who is responsible for selling and developing products and reporting them to financial authorities. In the financial world, there is already a voice over. The Financial Supervisory Service is going to place heavier responsibilities on financial institutions without reflecting on poor supervision. An official from the banking sector who wanted to remain anonymous said, “Not all financial companies have done well, but the financial authorities are handing over responsibility only to financial companies.” A high-ranking official at another financial company said, “In the end, you need to have an executive responsible for the accident to start a new business,” and “If the regulation is excessive, the financial company will contract and it will have no choice but to lag behind in the innovation business.”

Regarding the voices of complaints from the financial world, the Financial Supervisory Service explained, “(The system for executive responsibility for financial companies) is a system already implemented in the UK and Australia,” and “this is to reduce consumer damage by preventing blind spots for management management.” A senior financial official who wanted anonymity argued, “If there is a need for disciplinary action, the supervisory authority can sanction the corporation and hand it over to the (financial company) board of directors to take necessary measures.”

It is true that traffic police cannot be held responsible for signal violations. However, the current situation is that financial companies are complaining that there is no one to take the steering wheel because of the traffic police’s excessive penalty bill. Overburdening penalty bills does not lead to traffic order.

Reporter Yeom Ji-hyun, Financial Team [email protected]



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