(4) ConductingStatutory Inspections toControl InsuranceRisk
Inaccordancewith
theDeposit InsuranceAct
, theCDICwill continue to carryout statutoryon-site
inspections related to thedeposit assessment base, the content of e-data files, anddata reported
to the Risk-based Premium Rating System. Furthermore, to reduce insurance risk, the CDICwill
continue to conduct on-site inspections of financial institutions applying to participate in the
deposit insurance system. It will also supervise the establishment of sound business regulations
and risk control mechanisms at such institutions to ensure the accuracy of financial information
andeffectively reduce insurance risk.
(5) Establishing thePayout andAdvancedPayment SystemandStrengtheningSimulation
To fulfill the responsibilities of deposit payout and transfer deposits, under the limited coverage
system, the CDIC’s future objectives will be to establish a comprehensive payout system and
operatingmanual to accelerate payouts, establish a payout communication mechanism, and
strengthen system simulation.
(6) Handling Unresolved Issues and Receivership Affairs for Removed Unsound Financial
Institutions and Pursuing Civil and Criminal Liabilities for Illegal Acts by the Personnel of
Financial Institutions
The Financial Restructuring Fund has handled the resolutionof 56 unsound financial institutions.
TheCDICwill continue to actively dispose the retained assets of these institutions that remained
after the termination of the fund at the end of 2011. Moreover, in cases where the competent
authority has approved termination of conservatorship and ordered receivership, the CDICwill
actively handle receivership affairs according to receivership plan. It will also actively handle
cases involving criminal cases transferred to the investigative agencies for investigation and
pursuecivil actions and seekcompensation incases involving illegalitiesbypersonnel of financial
institutions.
(7) Reviewing the Legal System for Deposit Insurance in a TimelyManner to Strengthen the
Functionsof Deposit Insurance
To further develop the financial safety net functions of the deposit insurancemechanism, the
CDICwill, in conjunctionwithgovernment policyand financial development inTaiwan, deliberate
legal systems for coverage, failure resolution and other deposit affairs so that the deposit
insurance system canmore comprehensivelyprotect depositors and stabilize financial order.
60
Central Deposit Insurance Corporation 30Years inRetrospect
