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FSC introduced guidelines on establishment of an application review panel for Internet-only banks

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In order to review the applications for the establishment of Internet-only banks in a fair and impartial manner, the FSC will invite external experts and scholars to comprise a panel with its own representatives to review the aforementioned applications. The FSC has also introduced a guideline governing the panel’s tasks, the rights and obligations of panelists and the FSC task forces, convening, voting, and dissolution of the panel. The tasks of the panel include: (1) to determine the items for review, sub-items and their weightings, in addition to criteria and mechanism of review; (2) to review applications of establishment of Internet-only banks; (3) to propose recommendations regarding matters of review criteria, procedure and results. The application deadline was set on February 15, 2019, and 3 founders have submitted their applications to the FSC. The panel will review all the applications fairly and impartially. The final results will be announced by the end of June 2019.
Visitor: 271   Update: 2020-07-14