FEB periodically discloses the primary examination findings of financial institutions
The Financial Examination Bureau (FEB) has periodically disclosed the deficiencies, which were classified as systemically important findings or sepcific matters frequently happened in financial institutions, on FEB’s website. Types and scenarios of the examination findings and recommended improvements are specified according to business activities of each financial industry to remind financial institutions of avoiding making the same mistakes.
The sound business operations of financial institutions depend on not only the supervisory functions of financial supervisory agencies, but also effective market disciplines and institutions’ self-oversight functions. The FEB has disclosed the primary examination findings to provide financial institutions with supervisory concerns and specific findings frequently happened in the financial industry, in order to help them perform self-assessment process, review the operating procedures or establish the control mechanism, and develop self-corrective effectiveness.
※ More details in the “Disclosure of Financial Examination Information” section on the FEB’s website.