(Seoul = Yonhap News) Reporter Kim Nam-kwon = The Financial Supervisory Service’s Sanctions Deliberation Committee, which sets the level of sanctions for selling banks by charging responsibility for the’Lime Private Equity Fund’ situation, could not conclude again.
The Financial Supervisory Service said in a letter notified on the 18th, “The sanctions deliberation committee reviewed until late at night, listening to the statements and explanations of a number of company officials and the FSS inspection bureau. “He said.
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The targets for sanctions were Woori Bank and Shinhan Bank.
In the first sanctions review held on the 25th of last month, the measures taken by the Woori Bank division’s inspection results were dealt with, and on this day, the FSS’s inspection bureau and the bank’s battles were held mainly over the issue of Shinhan Bank.
In Shinhan Bank’s sanctions review, the issue was whether it was possible to even severely punish the CEO due to inadequate internal control.
In the case of Woori Bank, whether or not the Lime Fund is insolvent in advance and the bank’s unreasonable solicitation are a confrontation point.
The FSS was responsible for the incomplete sale of Lime Funds and notified these banks in advance of severe disciplinary action for’institutional warning’ as well as severe disciplinary action for executives.
Woori Financial Group, Son Tae-seung, who was the head of Woori Bank during the Lime crisis[316140] The chairman was notified of the amount of suspension from his job, and Jin Ok-dong, the head of Shinhan Bank, was notified of a censure warning.
The level of sanctions on financial company executives is divided into five stages: recommendation of dismissal, suspension of work, reprimand warning, cautionary warning, and caution. Among them, censure warnings and above are classified as severe disciplinary action restricting employment in financial companies for 3 to 5 years.
Shinhan Financial Group is also subject to sanctions.
The Financial Supervisory Service determined that Shinhan Financial Group was responsible for managing the complex store operation in the process of selling lime funds at Shinhan Bank and Shinhan Financial Investors complex stores.
For this reason, Cho Yong-byung, chairman of Shinhan Financial Group, was notified in advance of a cautious warning, which is a hard disciplinary action.
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2021/03/18 22:31 sent