In the past few years, we have witnessed the emergence of various types of financial products, ranging from telephone banking, mobile banking, online banking, investment fund, bankassurance, personal banking, private banking to privileged banking services. Being a regulator, we allow adequate freedom to financial enterprises by adopting appropriate measures to innovate our system.
To cope with actual market environment, we revise or relax enforcement of certain regulatory requirements subject to the premise that there is a thorough understanding of risk management capability of the sector. Furthermore, we continue to enhance our regulatory practice by conducting onsite investigation for a specific purpose. We gather thorough knowledge of a certain facet within a relatively short time span.