‘The private equity crisis is attributable to the current financial supervisory system’… Yoon Seok-heon’s speech

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(Seoul = Yonhap News) Reporter Lim Soo-jeong Kim Yeon-sook Kim Da-hye = Financial Supervisory Commissioner Yoon Seok-heon criticized the government on the 23rd that it caused consumer risk while trying to foster the financial industry, citing the private equity crisis such as Lime and Optimus.

With the remarks made by emphasizing the separation and reorganization of the financial supervisory system, attention is drawn to whether the conflict between the Financial Services Commission and the Financial Supervisory Service will rise again amid the aftershocks of the private equity crisis.

Director Yoon spent a long time answering questions about the FSS’s independence plan at the year-end press conference that day.

He said, “If you look at the financial accident in Korea, there are roughly some types,” he said. “When the government tries to foster the financial industry, it creates risks in some cases, which in the end acts as a burden on consumers.” Said.

He pointed out that the past savings bank crisis, the East Asian crisis, and the private equity crisis are not different from the big frame.

“As a result, consumers will suffer damage and lose trust in finance,” said Director Yoon. “Finance is basically a place to eat and live with trust, but I am worried that it may be shaken.”

At the same time, he announced plans to submit relevant proposals to the National Assembly in the near future, saying that various independent measures, including overseas cases, are being reviewed.

Reinforcing the independence of financial supervisory affairs has been President Yoon’s opinion since he was a scholar, and is also the wish of the Financial Supervisory Service. Director Yoon announced his plan to create and submit a plan for the FSS’s independence at the National Assembly audit in October.

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The remarks on the day read the intention to pursue this in earnest six months or so before the end of the term.In particular, the voice was raised for the reasons for independence from the financial industry policy that the Financial Services Commission intensively promoted along with responsibility for the private equity situation. .

He also said that some media and experts are cautiously raising opinions that’there may not be enough countermeasures’ even on the proposal to improve the private equity system announced by the Financial Services Commission in April.

Director Yoon pointed out, “Under the dual supervisory system, the responsibility between supervisory policy and execution becomes unclear. As a result, post-improvement is not well done, leading to inefficiency of financial supervision and consumer damage.”

As an alternative, he emphasized that “the financial policy and supervisory policy should be pulled into a check and balance (check and balance) relationship,” and “in supervision, an organic operation between policy and execution should be carried out.”

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2020/12/23 18:44 sent

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