Financial Services Commission, Training for Employees of Financial Companies Belonging to Financial Conglomerates

Internal Control? Enhancing Risk Management Capabilities

[Asia Economy Reporter Sim Nayoung] The Financial Services Commission and the Financial Supervisory Service announced on the 22nd that they have launched a first-half training course on 'Internal Control and Risk Management of Financial Groups' for employees of financial companies belonging to six supervised financial conglomerates (Kyobo, Mirae Asset, Samsung, Hanwha, Hyundai Motor, DB).

With the main provisions of the Financial Conglomerates Act being applied from this year, it has become increasingly necessary for employees of financial companies to familiarize themselves with the key contents of supervisory regulations and adapt to the supervisory system. This training course is balanced and focused on practical matters related to the financial conglomerate supervisory system, which is being fully implemented from this year.

▲ Group risk assessment criteria for financial conglomerates ▲ Reporting and disclosure practices ▲ Internal control practices ▲ Customer information management cases, and other practical topics that practitioners want to know, such as group risk assessment criteria and reporting and disclosure practices for financial conglomerates, will be directly lectured by officials from the financial authorities. The financial authorities will also participate and hold a separate Q&A session related to the supervisory system and laws.