Hana Bank Submits 'Accountability Structure Diagram' Early... "Participates in Pilot Operation"

Stable Establishment of Accountability Structure to Prevent Financial Accidents and Enhance Financial Consumer Trust

Hana Bank announced on the 25th that it has submitted the ‘Accountability Structure Diagram’ in accordance with the amendment of the ‘Act on the Governance of Financial Companies (hereinafter referred to as the Governance Act)’ to the financial authorities and will participate in the pilot operation of the Accountability Structure Diagram.

Hana Bank formed a task force (TF) in June last year to begin work on introducing the Accountability Structure Diagram. It has held explanatory sessions on the Accountability Structure Diagram for executives and related department heads who are assigned internal control management duties, striving to ensure that the internal control management system based on the Accountability Structure Diagram is introduced early.

Hana Bank plans to faithfully reflect the purpose of the Accountability Structure Diagram system by introducing an Accountability Structure Diagram that encompasses not only internal control responsibilities but also risk management responsibilities. It will also participate in the financial authorities’ ‘pilot operation of the Accountability Structure Diagram’ to ensure that the newly established internal control management system based on the Accountability Structure Diagram operates stably.

Additionally, Hana Bank is preparing an ‘Accountability Structure Diagram Management System’ to systematically and continuously manage the Accountability Structure Diagram. Furthermore, to enhance Hana Bank’s internal control and risk management capabilities, it plans to promote employee training, advance IT systems, establish new manuals, and spread an internal control culture.

A Hana Bank official explained, “Through the introduction of the Accountability Structure Diagram, Hana Bank’s internal control and risk management self-responsibility system has been further advanced,” adding, “We will continue to make efforts to ensure that the internal control management system based on the Accountability Structure Diagram is stably established, contributing to the prevention of future financial accidents and the enhancement of financial consumers’ trust.”

Meanwhile, last year, Hana Bank simultaneously obtained international standard certifications for the Compliance Management System (ISO37301) and Anti-Corruption Management System (ISO37001) from the Korea Standards Association (KSA), demonstrating internally and externally that Hana Bank has established and operates an internal control management system that meets global standards.

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