Would Woori Bank’s lime discipline be reduced? Participated in the Financial Supervisory Service

Financial Supervisory Service

▲ Seoul Yeouido Financial Supervisory Service. Union

[에너지경제신문 송두리 기자] The Financial Consumer Protection Office of the Financial Supervisory Service (Financial Supervisory Service) will be present at Woori Bank’s Lime Fund-related Sanctions Deliberation Committee on the 25th. The Shinhan Bank sanctions deliberation scheduled on the same day is unlikely to be attended by the agency.

According to the financial sector on the 24th, the Financial Supervisory Service’s subsidiary will appear as a reference to the sanctions review of Woori Bank on the 25th to express opinions on Woori Bank’s consumer protection measures and efforts to relieve damage.

The FSS was responsible for the suspension of large-scale repurchases of Lime Funds, and at the time, Woori Financial Group Chairman Son Tae-seung, chairman of Woori Financial Group at the time, informed him of the suspension of duties and Jin Ok-dong, Shinhan Bank President Shinhan Bank, a censure warning.

It is reported that Woori Bank has tried to correct the damages, such as accepting the FSS’s dispute settlement proposal that’return 100% of the principal to investors of the Lime Trade Finance Fund (Pluto TF-1)’. Regarding Woori Bank’s unconfirmed loss fund, if we accept the sub-joint proposal held on the 23rd, the Lime Fund sold by Woori Bank will be relieved of damage.

On the other hand, Shinhan Bank is not expected to participate in the sanctions hearing.

In June of last year, Shinhan Bank decided to prepay 50% of the principal to Lime Credit Insured (CI) fund investors. Half of the subscription amount is given to the victim first, and if the compensation ratio is determined according to the decision of the FSS Dispute Mediation Committee, it is settled afterwards.

It is known that the Ministry of Complaint has determined that it is difficult to say that it has made sufficient efforts to protect consumers only with advance payment.

In the financial sector, if Woori Bank is recognized for its efforts to protect consumers during the sanctions review stage, it is predicted that it will be an example of reducing sanctions.

Reporter Song Doo-ri [email protected]

Source