date for reportingor examiningdata and the standarddate for calculatingdeposit insurance
premiums.
III. A sample inspection is conducted for various typesof insured institutiongroups.
E. Strengthening Liaison and Information Exchange among Financial Regulators: Participating in
the Financial Supervisory CoordinationCouncil
After the FSCwas established in July 2004, the “Regulations Governing theOperational Affairs
of the Financial Supervisory Commission, Executive Yuan Involving the Central Bank or other
Ministries and Departments” were formulated to create cooperation and liaison mechanisms
for financial supervision, management and inspection matters. In August 2004, the Financial
Supervisory Coordination Council was established withmembers including the Central Bank,
the Council of Agriculture, and the CDIC. The CDIC, represented at the Council meetings by
its chairman, proposes and fully discusses issues related to the operational risks of insured
institutions to effectively accomplish cooperation and liaison on the exchange of financial
supervision information and the handling of business crises at insured institutions. The Council
has also formulated “Operating Guidelines for the Handling of Business Crises at Financial
Institutions” stipulating thedivisionof tasks among relatedunits in thehandlingof futurebusiness
crises at financial institutions.
38
Central Deposit Insurance Corporation 30Years inRetrospect
