The Financial Supervisory Commission announced today the focus of annual financial inspections.

(file photo)

[Reporter Wu Xintian/Report from Taipei] The Financial Supervisory Commission has released the key points of financial inspections for next year. Considering the net worth crisis of the life insurance industry this year and the epidemic prevention and risk storm of the property insurance industry, the financial resilience of the insurance industry will be included in the focus of the financial inspection next year; , The anti-fraud mechanism is also listed as the focus of inspection.

The Financial Supervisory Commission stated that the focus of the financial inspection next year is to consider recent domestic and foreign political and economic developments and issues, as well as issues of concern to the outside world, and to take into account the financial regulations and supervisory priorities issued this year, the important matters of the supervision of various business bureaus, and the on-site inspections that should be strengthened. Inspection items, etc., select the items that should be paid more attention to in various industries, and list them as the focus of inspection.

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Among them, "financial resilience", "domestic and foreign investment risk management", "fraud prevention" and "financial consumer protection" are the four primary inspection focuses.

"Financial resilience" includes capital and financial resilience as well as cybersecurity and information resilience.

The former mainly focuses on the capital and financial resilience of insurance companies, and the inspection focuses on the handling of the insurance company's own risk and solvency assessment mechanism (ORSA); the latter covers financial holding companies updating information systems for subsidiaries, network security control and information security maintenance Supervision and inspection, function of information security unit and dedicated supervisor, prevention of host system and program anomaly control, network security measures, supply chain risk management, information security manpower and training, continuous operation management mechanism, etc.

"Domestic and foreign investment risk management" mainly covers the risk control of overseas risk insurance in response to changes in the international financial situation, the risk control of credit granting and investment in overseas and mainland regions affected by local policies, and the institution's response to the risks derived from the epidemic and interest rate hikes, etc. .

"Fraud Prevention" focuses on the internal control mechanism to prevent loan fraud, and measures to assist the public in preventing fraud, including caring questions, early warning mechanisms for suspected fraudulent accounts, identification of abnormal transactions, and virtual account control.

"Financial consumer protection" mainly covers customer recognition, commodity suitability assessment, the principle of treating customers fairly, the establishment and implementation of financial friendly culture and service measures, personal data protection, etc.

In addition, for major shareholders in the financial industry to intervene in politics, in the part of corporate governance, the communication mechanism for major shareholders and the management of financial expenses with related parties or related companies will also be included in the focus of the financial inspection next year.

In terms of real estate credit business risk management, the Financial Supervisory Commission pays attention to the credit collection and granting of housing purchases, surplus houses and civil construction loans, interest rate risk pricing and post-loan management, use of land loan funds in industrial zones, land credit operations in idle industrial zones, and real estate guarantees. Business concentration control, financial institutions' compliance with the central bank's real estate mortgage loan business regulations, etc.

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