From Regulators' Pages: Korea’s FSS directs focus on risk management
Source: Asia Insurance Review | Apr 2009
Since the Asian financial crisis, the Financial Supervisory Service (FSS) has been putting in place regulatory reforms to encourage insurers to focus on risk management. The directive is still relevant and Mr Kang Young Goo, Assistant Governor and Head of Insurance Service Division, FSS, reaffirms that the introduction of the Risk Assessment and Application System last year and the RBC this year, will all help the industry thrive in these testing times and for the regulator to better understand the companies they oversee. By Ms Min Yong
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