The FSS will conduct regular and occasional inspections more than 600 times this year

The FSS will conduct regular and occasional inspections more than 600 times this year: COMPANY / Reporter Paul Lee / 2023-02-16 05:40:35

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[Alpha Biz=(Chicago) Reporter Paul Lee] The Financial Supervisory Service will invest more than 20,000 people a year this year to conduct regular and occasional inspections of financial firms a total of 600 times. In particular, it is expected to focus on whether they are charging unreasonable loan rates or fees by jumping on high-interest rates.

The Financial Supervisory Service announced the "2023 Inspection Operation Plan" on the 15th. The Financial Supervisory Service plans to invest a total of 8,035 people in 29 companies, including nine banks (including holding companies), four insurance companies, four financial investment firms and 12 small and medium-sized financial companies, in the name of regular inspections this year.

Regular inspections are conducted every two to five years in consideration of the characteristics, size, and market impact of financial companies. A total of 573 occasional inspections for certain sectors will be conducted this year (15,167 people per year).