Webinar on Forecasts, Challenges, and Response Strategies for Savings Banks Hosted

Post-Corona Era... What Are the Immediate Challenges and Response Strategies for Savings Banks?

[Image source=Yonhap News]

[Asia Economy Reporter Park Sun-mi] The Korea Deposit Insurance Corporation announced on the afternoon of the 3rd that it will hold the 8th Savings Bank Risk Management Strategy Workshop under the theme "Post-COVID-19 Era, Challenges and Response Strategies for Savings Banks."

As part of 'social distancing' measures to prevent the spread of COVID-19, the event will be conducted online in a webinar format, with all presenters and discussants participating from their respective offices. Approximately 200 participants from 79 savings banks, financial authorities, academia, and associations will join via the KDIC YouTube channel.

In-depth discussions are expected on changes in the financial environment due to COVID-19, the future of the savings bank industry, and strategies to expand non-face-to-face operations in the digital era. Fred Kans from the U.S. Federal Deposit Insurance Corporation (FDIC) will deliver the keynote speech, presenting response measures for financial institutions during crises based on FDIC's experience overcoming the global financial crisis.

Jung Hee-soo, team leader at Hana Financial Research Institute, will lecture on "Response Strategies of Savings Banks to Environmental Changes in the Post-COVID Era," Heo Seon-hak, deputy general manager at KB Savings Bank, on "Expanding Non-Face-to-Face Business Base through Mobile Transition," and Choi Yong-seok, team leader at KDIC, on "Proactive Risk Management Measures Using Savings Bank Resolution Cases." A panel discussion and Q&A session will also be held.

A KDIC official stated, "Going forward, KDIC will continue efforts to strengthen communication with the savings bank sector and support sound management of savings banks."

This content was produced with the assistance of AI translation services.