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How does the Financial Examination Bureau (FEB) promote the effectiveness of financial examinations?


In response to the trend of financial groups and structural complexity of financial market, the FEB has improved the financial examination system, including implementing the differential examination mechanism and the financial examination system for domestic banks, establishing the mechanism for reporting material examination findings and monitoring & evaluation of efforts by financial institutions to make improvements on the findings, and adjusting examination focuses to reflect applicable regulations and market environments, in order to promote the effectiveness of financial examinations. Furthermore, the Financial Supervisory Commission (FSC), Central Bank of the Republic of China, Bureau of Agricultural Finance of the Council of Agriculture and Central Deposit Insurance Corporation have established the cross-agency supervisory communication platform on financial supervision and examination. In addition, the FSC and law enforcement agencies have established the mutual coordination and communication mechanism to curtail financial crimes and maintain financial discipline.

Visitor: 5447   Update: 2015-05-11
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