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Sat, July 2, 2022 | 19:24
Economy
FSS pledges greater autonomy to foreign firms
진웅섭 "외국계 금융사, 소비자보호·윤리경영 모범돼야"
Posted : 2016-03-22 17:22
Updated : 2016-03-22 20:58
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Financial Supervisory Service Gov. Zhin Woong-seob speaks during the financial watchdog's annual policy briefing to foreign financial companies operating in South Korea at a Seoul hotel, Tuesday. / Yonhap
Financial Supervisory Service Gov. Zhin Woong-seob speaks during the financial watchdog's annual policy briefing to foreign financial companies operating in South Korea at a Seoul hotel, Tuesday. / Yonhap

By Nam Hyun-woo


The top financial regulator pledged Tuesday to grant greater autonomy to foreign financial firms operating here, while at the same time calling on them to set an example in following rules and protecting consumers.

Financial Supervisory Service (FSS) Governor Zhin Woong-seob said the watchdog will shift its supervision to "ex-post monitoring" from "ex-ante regulations."

The policy shift is designed to give more freedom to the firms by relaxing rules requiring them to make prior reports to the FSS.

At a meeting with the heads of the financial firms and other interested parties, Zhin said the regulator will make sure that its examination and supervision functions effectively.

Among the participants were U.S. Ambassador to Korea Mark Lippert, Bank of China Executive Vice President Gao Yingxin, HSBC Head of International Asia Pacific Jayang Rikhye, Citibank Korea CEO Park Jin-hei and DBS Bank Country Head Eugene Bang. Some 350 officials and executives from foreign financial companies and international credit rating agencies also attended the event at the Lotte Hotel in central Seoul.

"We expect financial firms to take their own initiative to continually improve their internal controls and exercise effective risk management," Zhin said. "We will certainly do our part to encourage new, more diversified and innovative products for the market as well."

The FSS announced that its policy direction this year will have a three-pronged approach consisting of providing greater autonomy and responsibility, preventing financial incidents through preemptive measures and enhancing trust toward the financial sector.

Zhin stressed that the government is well aware that foreign financial firms serve a "critically important" role and asked them to continue to help Korea's financial industry develop global competitiveness.

In return, he pledged the FSS will build a fair and transparent environment.

Bang, who is also chairman of Foreign Bankers Group in Korea, suggested that the FSS legislate separate rules and governance frameworks for foreign financial institutions for consistency.

"I'm not saying we want preferential treatment, but for the regulator to recognize that we are part of the integrated system of global companies," he said.

Bang also suggested the adoption of the universal banking system in order to foster innovative financial business growth. Universal banking refers to various financial services, including insurance, being provided by a single bank. Zhin said such a system is necessary in Korea.

During the meeting, FSS speakers said the regulator will closely monitor potential risk factors and come up with tangible reform of financial practices.

"Financial firms need to win the trust of customers and enhance accountability amid market uncertainties and a difficult business environment," said FSS Deputy Governor Kim Young-ki, adding that the FSS will also help firms create their own consumer protection systems.

Bank of China Executive Vice President Gao called for strengthened financial cooperation between Korea and China.

"Apart from traditional business cooperation in deposit, loan and payment, we can now expand our cooperation to consumer credit, asset management and bond issuance and advisory services," he said.


진웅섭 "외국계 금융사, 소비자보호·윤리경영 모범돼야"

외국 금융사 '한국, 핀테크 등 금융혁신으로 경쟁력 높여야'
외국계 금융사에 차별화된 규정 요구하기도

진웅섭 금융감독원장은 22일 외국계 금융회사들이 법규 준수와 소비자보호, 윤리경영에서 금융업계에 모범이 돼 달라고 요청했다.

진 원장은 이날 서울 소공동 롯데호텔에서 외국계 금융회사를 대상으로 열린 연례 업무설명회('FSS SPEAKS 2016')에 참석해 '금감원도 공정하고 투명한 영업여건 조성을 위해 노력하겠다'며 이처럼 당부했다.

진 원장은 기조연설에서 '외국계 금융회사는 파생상품거래, 신용평가, 리스크관리 등 많은 영역에서 다양한 강점과 노하우를 가지고 있다'며 '이를 활용해 한국에서 새로운 성장기회를 발견할 수 있을 것'이라고 말했다.

그는 '더욱 특화된 금융상품과 서비스로 한국 금융산업의 질적 경쟁을 촉진하는데 동참해 달라'고 당부했다.

진 원장은 이어 전산설비 해외위탁과 관련한 규제를 완화하고 외은지점의 연간 결산심사제도를 폐지한 사례 등을 들며 정부가 추진하는 금융개혁이 일선 금융현장의 실질적인 변화로 이어지도록 하겠다고 말했다.

금감원은 이날 행사에서 올해의 금융감독 및 검사 방향과 금융소비자 보호 감독방향을 설명했다.

외국계 금융사를 대표해서는 방효진 DBS은행 서울지점장과 필립 누와로 BNP파리바 한국대표가 '한국 금융시장 규제환경 개선을 위한 제언'과 '외국 금융인 시각에서 본 한국금융시장'을 주제로 발표했다.

방효진 지점장은 '지난해 특히 규제 당국에 큰 변화가 있었다'며 '이 과정에서 투명성과 일관성이 높아졌다는 것을 확인할 수 있었다'고 최근 당국의 움직임을 높이 평가했다.

방 지점장은 '불필요한 규제를 합리화하고 혁신적 기술을 발전시킴으로써 금융기관의 부담이 줄었고, 한국의 경쟁력도 강화될 것으로 기대된다'며 '우리도 웃고 감독자들도 웃는 모습을 많이 보게 될 것'이라고 덧붙였다.

그는 외국계 금융사의 입장에서 규제당국에 바라는 바로는 '국내사와 외국계에 하나의 규정을 적용하기보다는 모국의 규정에도 맞춰 운영하는 기업인 외국계 금융사에 차별화된 규정이 적용됐으면 한다'며 '그것이 금융 경쟁력의 제고에도 도움이 될 것'이라고 말했다.

필립 누와로 대표는 주로 유럽연합(EU)과 비교하며 한국의 경제와 금융산업이 양호한 환경에 있다며, 많은 기회를 얻을 수 있으리라고 내다봤다.

누와로 대표는 앞으로 EU와 한국의 금융산업이 공고한 관계를 형성하며 금융시장을 국제화하고, 핀테크 등 금융시장의 혁신을 도모하며 한국 내에서의 경쟁력을 강화해야 한다고 주문했다.

그는 IT기술의 금융 진입이 금융산업이 직면한 도전 중 하나이지만 '이를 활용해 소비자에게 새로운 기술을 제공한다면 오히려 기회를 제공할 수 있다'고 설명했다.

이날 행사에는 마크 리퍼트 주한 미 대사 등 외교사절을 비롯해 까오잉신 중국은행 부총재, 자이언트 리케 HSBC 아태지역 대표 등 외국 금융기관, 신용평가사 대표 및 임원 350명이 참석했다. (연합뉴스)
Emailnamhw@ktimes.com Article ListMore articles by this reporter
 
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