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Fri, March 24, 2023 | 06:04
Economy
FSS chief pledges to back foreign firms
금감원장 "외국계 금융사 업무 위탁 절차 개선 추진"
Posted : 2014-07-03 17:22
Updated : 2014-07-03 22:04
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Financial Supervisory Service Governor Choi Soo-hyun, right, speaks at a meeting with CEOs of foreign financial firms at the Conrad Hotel in Yeouido, Seoul, Thursday. / Yonhap
Financial Supervisory Service Governor Choi Soo-hyun, right, speaks at a meeting with CEOs of foreign financial firms at the Conrad Hotel in Yeouido, Seoul, Thursday. / Yonhap

By Chung Ah-young

Financial Supervisory Service (FSS) Governor Choi Soo-hyun said Thursday that he will support foreign financial firms operating in Korea to becoming regional headquarters.

He said he will consider introducing guidelines for Korean branches of the foreign entities to serve as regional headquarters at a meeting with foreign financial firms' CEOs at the Conrad Hotel in Yeouido, Seoul.

"We will actively consider setting up guidelines to help more foreign financial firms become ‘regional hubs' here," he said.

Twenty CEOs from foreign financial firms such as BNP Paribas, Credit Agricole, Deutsche Bank and Goldman Sachs, requested guidelines about the role of "regional hubs" at the meeting.

Recently, Standard Chartered Bank Korea was designated as the Northeast Asia headquarters overseeing regional markets, including Japan and Mongolia, to bolster business in Korea. It is the first regional headquarters based in Korea in the financial sector.

Choi shared views on the importance of regional headquarters in Korea to uplift the nation's global image and financial competitiveness.

He said that he will improve the entrustment process for the effected operations to help them play a leading role in the region.

Also, the governor said that the watchdog will improve old supervisory practices which can be seen as the "hidden regulations."

He emphasized that the FSS has focused on setting up financial rules through fair law enforcement and preventive supervision.

"As we announced the plan to streamline the licensing process of the financial firms in May, we have put more emphasis on the effectiveness and results rather than the old practices. We will make more efforts to conduct predictable and consistent supervision," he said.

The governor pointed out that the regulator discovered a lack of protection of customers' rights in the information and technology system during the investigation of 3,050 financial firms.

"We hope the CEOs here will be keener in protecting personal information to prevent financial accidents through strengthening their internal controls and improving their IT security systems," he said.

Concerning the poor customer service of foreign firms, Choi urged them to improve the rights of their financial consumers.

He also asked the CEOs to join the government's efforts to create more quality jobs.
After the meeting, he expressed a firm stance against the planned sanctions on some 200 officials, including KB Financial Group Chairman Lim Young-rok and Kookmin Bank CEO Lee Kun-ho.

"I think the disciplinary review committee members have expertise in the legal aspects. The thing is that the sanctions should follow the law and rules and principles," he said. "We should follow the rules but we will give them enough opportunities to defend themselves."



금감원장 "외국계 금융사 업무 위탁 절차 개선 추진"

최수현 금융감독원장은 외국계 금융사를 위해 업무 위·수탁 절차를 개선하는 방안을 추진하겠다고 밝혔다.

최수현 원장은 3일 여의도 콘래드호텔에서 20여개 외국계 금융사 최고경영자들과 간담회에서' 외국계 금융사의 업무부담 및 규제 관련 리스크 해소를 위해 위탁 절차 간소화 등을 위한 업무 개선을 지속적으로 추진하고 필요한 사안에 대해서는 금융위원회와 협의를 통해 제도 개선을 모색하겠다'고 약속했다.

이날 간담회에는 BNP파리바, HSBC, 노무라증권, AIA생명 등 외국계 금융사 주요 고위 임원들이 참석했다.

그는 외국계 은행 지점이 지역본부(Regional Hub) 역할을 할 수 있도록 도와달라는 질의에 대해 '한국에 진출한 외국계 금융사들이 보다 많이 지역 본부로 발전하는 데 필요하다면 관련 가이드라인을 마련하는 것을 적극 고려하겠다'고 답변했다.

최 원장은 최근 금감원이 사전예방적 금융감독과 공정한 법 집행을 통해 금융의 기본질서를 바로 세우는데 감독역량을 집중해 나가고 있음을 강조하면서 낡은 금융 규제를 혁파하는 데 노력하고 있다는 점도 알렸다.

그는 금융사 또한 실물경제를 원활히 지원하고 양질의 일자리를 창출하는 데 힘써달라면서 금융사들에 보다 예측 가능한 감독 서비스를 적정 기한 내에 제공하기 위해 노력하고 있다고 덧붙였다.

 
Emailchungay@koreatimes.co.kr Article ListMore articles by this reporter
 
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