1.Adjustment to 2021 Financial Examination Plan

i. Examinations will be conducted on risk-based approach and focused on major businesses and the management of business continuity plan.

ii.In considering the development of COVID-19 and the business operation as well as labor reallocation in the financial institutions, the FEB will reduce the number of examined institutions and increase the working days for each examination to alleviate the supervisory burden for financial institutions.

2.Conducting off-site Examination

i. Pre-Examination: Examined institutions can upload the requested documents and information through the FEB’s Examination Checklists System.

ii.In-Examination: Examiners will review documents in the FEB’s office and contact institutions through email or telephone.

iii.Post-Examination: Basically there will be no exit meeting after the examination. The findings will be informed through email, telephone or video conference.

iv.No examination fee will be charged for the off-site examinations.